The market plunged to a key level at 2300.
XAUUSD
is testing the previous week's low. XAUUSD has reached the buy zone, as I mentioned in my weekly outlook. On the weekly timeframe, the price went below the last 2 weeks low. We should pay attention to how the day closes today. I think the market might form a small-range zone and then break through it upside. Basically, I expect a bullish move toward the resistance zone if we get a signal in the form of a rejection candle. My goal is the resistance zone around 2350.
XAUUSD
is testing the previous week's low. XAUUSD has reached the buy zone, as I mentioned in my weekly outlook. On the weekly timeframe, the price went below the last 2 weeks low. We should pay attention to how the day closes today. I think the market might form a small-range zone and then break through it upside. Basically, I expect a bullish move toward the resistance zone if we get a signal in the form of a rejection candle. My goal is the resistance zone around 2350.