In this analysis, we're examining the 2-hour time frame of gold. Looking closely, we can see the market has formed a parallel support and resistance level. Additionally, it has broken through both the previous CHOCH and the previous internal HIGH. This confirms that the market is currently operating within its internal structure. Based on my theory and approach, I’m anticipating a potential buying opportunity from this key area. Now, let’s watch closely to see how the market unfolds and which direction the price takes once it opens.
Key levels: 2675 - 2660
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
#XAUUSD 2H Technical Analyze Expected Move.