Recently, in the 1 - hour chart of XAU/USD, the upward channel has been broken downward, indicating that the short - term upward trend has temporarily stalled.
Currently, the price is in the buyer zone, which has certain support. If obvious signs of price stabilization emerge, such as formation of a bullish K - line combination, one can attempt to place long positions, and set the stop - loss at the key support level below this zone.
If the price rebounds to the seller zone and is blocked, short positions can be considered, with the stop - loss set above the zone.
XAUUSD
buy@3020-3030
tp:3040-3045-3050
sell@3040-3050
tp:3030-3020
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