XAU USD is very weak on the important Weekly timeframe. There are also Double Tops on multiple timeframes. Recently on the 2m chart the MTOP formation was breached. Look for a retracement back above the neckline and look for an easy short.
Not looking great for the gold bulls after $2,800 late 2024-2025. Might not even break past $2,400 TBH
I have set this position based on my analysis of the market and trading strategy. Therefore, it is recommended that investors conduct their own research and due diligence before making any investment decisions.
dear trader gold was in trading range so above ressistance you re good to buy and under support you good to sell respect setup and good luck
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Gold is still down trending. our analysis is a rejection of 38.2% or 23.6% then a sort will be open.