Gold (XAU/USD) continues its consolidative movement below the $2,750 mark as it struggles to break out of its current trading range during the European session on Wednesday. This sideways trend is supported by profit-taking in the US Dollar, which has slightly softened after reaching its highest levels since July. The slight pullback in US Treasury yields,...
Gold appears to be approaching a critical support level around 2726. The current market structure suggests a bearish sentiment, as the price is testing this support multiple times, increasing the likelihood of a breakdown.
📈⚡ Trade Setup
Sell Limit 👇
Entry Price: 2725.45
Stop Loss (SL): 2754.43
Take Profit (TP): 2655.92
Analysis
The chart indicates a simple...
It has shown some bullish price action after being dropped to less that 30 RSI level.
I am Buying this pair and this is my prediction.
Let me know in the comments what you think
EURCAD has hit the KEY LEVEL where it also reversed before multiple times if you look in the D1 Chart, wait for Bearish price action to confirm and place SL Just above the Key Level Shown in this Snippet.
PLEASE NOTE : This is Just personal preference I will not be responsible for any loss.
Tell me your views on this in the comments.
