The expected move in the price of gold can be analyzed on a 2-hour time frame. As we know, the overall trend of gold remains bullish. However, recently, gold has broken it's trendline support and has also confirmed a Market Structure Shift (MSS). Therefore, today, I will be looking at the market from a sell-side perspective. I will wait for the price to reach my given key levels and form some bearish or reversal patterns, so I can get an ideal entry point. Confirmation is crucial in this process. Let's dive deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and proper R:R ratio.
This is my analysis for today.
#XAUUSD 2H Technical Analysis Expected Move.