GOLD at Key Resistance: Will Sellers Take Control?
XAUUSD has reached a key resistance zone, an area where sellers have historically regained control. The ongoing bullish momentum may face exhaustion as price approaches this level, making it a potential turning point. If bearish confirmation appears, such as rejection candles or a bearish engulfing pattern, I anticipate a pullback targeting the 2,740.000 level, which represents a logical target within the current market structure. This setup reflects a possible short-term correction within the broader market context.
Trade active
Trade closed: target reached
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