๐ XAUUSD Daily Analysis ๐
๐จ Potential for a Bearish Pullback ๐จ
Gold (XAUUSD) is showing signs of a potential downward move after rejecting a key resistance level. If this momentum continues, we could see the price heading towards the support zone at 2680/2670.
๐ก Key Insights:
๐ Market rejection at resistance = possible bearish momentum.
๐ Target support area: 2680/2670.
๐ Risk Management: Stick to 1-2% risk on trades.
โ ๏ธ Historical Note:
When the market last hit an all-time high, it saw a sharp one-day drop. Stay cautious!
๐ฌ Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively.