Trade Outlook:* After the pullback, gold is likely to continue its decline. We anticipate a drop to at least the channel's lower boundary. *Join the Discussion!* Share your thoughts and predictions in the comments!
*H4 Chart* - Continuous increase leads to low liquidity - Correction expected to $2,770-$2,756 - Requires sharp H4 candlestick drop with close below support *Trading Signals* *Buy Zone* - $2,656-$2,653 - Stop-loss (SL): $2,649 - Take-profit (TP): $2,659-$2,669 *Note* - Refer to the attached chart for better market visibility.
Gold (XAU/USD) touches fresh highs, retreats to $2,780 (+0.25% intraday) Key drivers: - Geopolitical tensions - US presidential election uncertainty - Traders await US macro releases for Fed's interest rate clues *Technical Overview* *M15 Chart* - Price holds above trend line and liquidity zone ($2,779) - Breakdown expected to retest $2,775-$2,770 *H4...
