XAUUSD Intra/Swing idea 12/02/2025
Zooming out on XAUUSD, the daily closed with indecision after creating a new all-time high. Currently, price is struggling to break above 2900.
If we remain below, a deeper pullback to 2850 is likely before the bullish trend resumes. Safer buys would be from 2900 or 2950 for the longer-term 3000 target.
With CPI data later, a pullback to 2850 could happen before or during the release. Monitoring price action closely.
If we remain below, a deeper pullback to 2850 is likely before the bullish trend resumes. Safer buys would be from 2900 or 2950 for the longer-term 3000 target.
With CPI data later, a pullback to 2850 could happen before or during the release. Monitoring price action closely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.