XAUUSD Daily analysis

Looking at the timeframe on a daily basis we can see that we have closed below a key level and into an indecisive range.

The reason why indecisive ranges are tricky is down to the fact support/resistance can be anywhere due to the historical price action, there is no clear support/resistance where we can anticipate buys or sells, so treading carefully is the best case of action when trading on a higher timeframe.

When it comes to a lower timeframe, unless the indecisive range is found on these smaller timeframes being able to take trades is still possible.

Updates to be provided on the lower timeframes.