XAUUSD Trade Update: Opportunities Ahead!
Hey Guys, here's the latest update on XAUUSD.
We've had a solid run with gold recently, although we faced a small loss yesterday. Don't worry, though—there are plenty of opportunities coming up!
Update:
XAUUSD has broken through the channel and is currently testing the resistance level.
Trend:
In the short term, the bearish momentum is weak. However, the long-term trend remains strong, so we shouldn't go against the overall market direction.
Scenario:
At the moment, XAUUSD is testing the 2643 midrange as resistance. If it breaks back above this level, as indicated by the arrows on the chart, I’ll re-enter the trade and go long. My first target will be 2710, and the second target will be the higher range at 2790.
First Target: 2710
Second Target: 2790
Stay tuned for more updates and follow along for the next moves!
We've had a solid run with gold recently, although we faced a small loss yesterday. Don't worry, though—there are plenty of opportunities coming up!
Update:
XAUUSD has broken through the channel and is currently testing the resistance level.
Trend:
In the short term, the bearish momentum is weak. However, the long-term trend remains strong, so we shouldn't go against the overall market direction.
Scenario:
At the moment, XAUUSD is testing the 2643 midrange as resistance. If it breaks back above this level, as indicated by the arrows on the chart, I’ll re-enter the trade and go long. My first target will be 2710, and the second target will be the higher range at 2790.
First Target: 2710
Second Target: 2790
Stay tuned for more updates and follow along for the next moves!
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