XAUUSD likely short
Updated
Gold is currently consolidating near a key resistance level at 2616 after testing lower support zones. A break above 2616 could lead to a retracement toward higher resistance at 2627 or beyond, while failure to hold above 2607 could result in bearish continuation targeting 2600 or potentially breaking the lower support zones at 4h support down to 2550 or lower.
Trade active
The price failed to break the 2627 resistance level; however, a potential retest following a lower accumulation phase remains likely. A buy limit order can be placed within the 2615–2620 zone, targeting 2627-2630 as the take-profit level.Trade closed: target reached
The manipulation by the lower accumulation has reached its 2627 target!
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