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XAU/USD – Potential Reversal Zone and Bearish Opportunity
Gold's recent price action on the 1-hour timeframe shows a key formation with multiple swing lows (highlighted in orange), suggesting potential liquidity grabs followed by a bullish retracement. However, the price is now approaching $2,748, which aligns with a significant resistance zone (purple box).
Key...
XAU/USD – Potential Reversal Zone and Bearish Opportunity
Gold's recent price action on the 1-hour timeframe shows a key formation with multiple swing lows (highlighted in orange), suggesting potential liquidity grabs followed by a bullish retracement. However, the price is now approaching $2,748, which aligns with a significant resistance zone (purple box).
Key...
Gold has falled today at 2708 and now it is on 2715 just because of support zone that is lying in the zone of 2706_2710
Gold has moved a little up just to break this support zone
We will see a huge fall again tomorrow as this breakdown happens. So stay on sell target 2680