XAUUSD 1H
Gold is a challenging asset to analyze due to various factors affecting its price, but it offers the potential for higher rewards.
In continuation of my previous analysis, which you can view here, there was a slight breach above 2652, which was negligible, and the anticipated decline occurred. The movement reversed just $1.32 away from the announced target.
The higher timeframe trend remains bullish; however, before reaching the next targets visible on the chart, I would prefer to see signs of weakness in buyers and their inability to continue the upward move.
This analysis is being followed cautiously, with the primary goal of providing an update.
In continuation of my previous analysis, which you can view here, there was a slight breach above 2652, which was negligible, and the anticipated decline occurred. The movement reversed just $1.32 away from the announced target.
The higher timeframe trend remains bullish; however, before reaching the next targets visible on the chart, I would prefer to see signs of weakness in buyers and their inability to continue the upward move.
This analysis is being followed cautiously, with the primary goal of providing an update.
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