XAUUSD (Gold) Technical Outlook
Gold appears bullish today, but key levels will determine the next move:
🔹 Bearish Scenario: If price breaks the Equal Low (EL) at 2812.8, we could see a decline toward 2800 – 2794.
🔹 Bullish Scenario: If Gold fails to break 2812.8, a rebound toward 2830 is likely.
📌 Trading Strategy:
✅ Wait for confirmation signals before entering short positions.
✅ Implement strict risk management to protect capital.
✅ Stay updated with price action & fundamentals to adapt quickly.
Trade wisely & stay disciplined! 📉📈
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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.
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.