XAUUSD is currently consolidating within Monday’s range. As long as the Monday low holds, I expect price to move upward—first targeting the Monday midpoint, then the Monthly Open, and finally the Monday high.Trade level by level:
First target: Monday Mid
Second target: Monthly Open
Final target: Monday High
If price deviates above the Monday high, look for a potential sell opportunity—again, trading level by level on the way down.
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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.