I've mapped out new levels for XAUUSD to help you identify potential price reactions. These inflection points will guide you in deciding whether to buy or sell.
- If the price breaks below the Previous Month Low, expect it to reach 2573.293. - If the price holds the Monday Low as support, look for it to test the Monday High or at least the Midrange.
These are key levels where you can consider entering trades if you see enough confirmation.
Let me know if you'd like more of these insights!
Note
XAUUSD Update: As discussed earlier, if the price holds above Monday's low, we can expect it to reach at least the mid-range. Let's see if it holds there; if so, I anticipate a move towards Monday's high. For the short term, the trend appears to be choppy.
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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.