Anticipating Movement Towards Key Levels
The XAU/USD is currently exhibiting a complex market behavior characterized by both bullish potential and significant resistance levels. I will closely monitoring the price action, particularly with hopes of a retracement to 2650.68 before targeting 2700. However, a decisive move below 2640 could deter buying interest.
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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.