XAUUSD EXPECTED LONG-TERM OPPORTUNITY READ IN (CAPITIONS)

the price action of Gold (XAU/USD) on a 4-hour timeframe, highlighting different trading sessions such as Asia, London, and New York. The price is currently testing a resistance level near the $2,909 mark, as indicated by the red box labeled "Resistance Level." A breakout area is identified just below this resistance zone, suggesting that a move above this level could signal further upward momentum.

The chart predicts a potential price drop of around 3.35% (a target of -98.052), as indicated by the blue arrow and target zone at the bottom. The analysis implies that if the price fails to break above the resistance level and instead breaks down from the breakout area, it could lead to a significant decline.

This chart also shows weak high points and price consolidation, pointing toward a possible trend reversal after the breakout. Traders are advised to closely monitor the breakout area for further price action.

Trade closed manually

Mychal_Pro_Trader

TELEGRAM CHANNEL CLICK HERE
👇👇
t.me/addlist/j3ts8pztHtY3NWQ0
VIP SIGNALS SERVICE 👇👇⬇️
t.me/addlist/j3ts8pztHtY3NWQ0

Recommend best broker exness Partner link 👇
one.exnesstrack.org/a/kyponqqh5i

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Mychal_Pro_Trader

Also on: