Gold #XAUUSD at retraced to its breakout level.
Updated
The #XAUUSD (
GOLD) chart is currently retracing back to its recent breakout point. After a strong upward movement, it's dipping to test the previous breakout level. This retracement marks a crucial moment—will it hold as support or lead to further decline? Traders are watching closely for insights into whether the initial breakout was a lasting move or just a temporary jump. Observing how the price behaves here will give a clearer picture of what might come next for #XAUUSD.
GOLD) chart is currently retracing back to its recent breakout point. After a strong upward movement, it's dipping to test the previous breakout level. This retracement marks a crucial moment—will it hold as support or lead to further decline? Traders are watching closely for insights into whether the initial breakout was a lasting move or just a temporary jump. Observing how the price behaves here will give a clearer picture of what might come next for #XAUUSD.Note
Gold is acting suspicious not moving much outside of the narrow range.Note
gold trading below 1975 losing its steam.Note
GOLD trading at 1950
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.