XAUUSD Gold Technical Analysis and Trade Idea👉 🔍 In this video, we take an in-depth look at XAU/USD (Gold). Recently, it broke structure on the daily time frame with a strong bullish move toward previous resistance levels. However, on the 4-hour chart, we're seeing a pattern of lower highs and lower lows, indicating a short-term downward trend. Despite this, the price appears to be holding steady, and I'm monitoring for a potential bullish breakout. If the price breaks resistance and retraces into the 50%-61.8% Fibonacci zone, it could present a buying opportunity.
As always, this video is for educational purposes only and should not be considered financial advice. It's important to understand that these insights are speculative and not a guaranteed forecast. Confirm specific price actions before making any trades, as discussed in the video. The analysis covers the current trend, market structure, and price behaviour in detail. Remember, this content is educational and doesn't guarantee success. Trading carries significant risks, so always use strong risk management strategies. 📊✅
