XAUUSD and from a technical perspective, we might see an attempt to push the price to the 3350 level before a further decline. I am looking to short at the 3343 price level, with the first take-profit at 3120 and the second at 3077.
Based on my analysis, I am anticipating an upward movement in the XAU/USD (gold) pair, which is currently trading at 3100-ish.
Technical Indicators: The market structure on the current chart hinting that it wants to go up and my current target is around 3220 price level.
A new bottom will likely to be formed today. XAUUSD should close bearish this week due to strong USD. However, due to the war that's happening the market became unpredictable.
This is my current view on XAUUSD, looking to long before going short on XAUUSD. Please wait for a price action to be formed before entering on any position.
Good luck Traders.
XAUUSD analysis based on my own strategy.
Price expected to rise until 2300+ Level before slowing down, however it is expected to make a retracement before continuing going on that direction.
