Intraday Analysis XAU/USD

2 days ago

The price rejected a key resistance zone (marked at the top) and started moving downward.
The Fibonacci retracement levels (61.8% and 78.6%) are clearly visible and serve as potential support zones for retracements.

Short-term bearish trend due to rejection at resistance.
Bullish reversal possible from the 61.8% or 78.6% retracement zones.

2 days ago

Trade active

The market has successfully broken through the 2722 resistance zone, confirming bullish momentum. This breakout indicates strong buying pressure, and the price is now running bullish. The next target aligns with the upper resistance levels or Fibonacci extension zones for potential profit-taking opportunities.

2 days ago

Trade closed: target reached

The trade has been successfully closed with the target achieved, securing a massive gain of 220 pips. Market momentum remains bullish following the breakout of the 2722 zone. Excellent execution and profit booking!

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