📌 Reason for Entry: Price is holding above the strong Fibonacci support level at 2674, with bullish momentum indicating a potential move towards 2685 and 2690.
📌 Reason for Entry: Resistance at 2694 aligns with Fibonacci retracement, suggesting a potential bearish reversal towards 2680 and 2674.
💡 Summary Gold is trading near critical support at 2674 and resistance at 2694. The buy setup anticipates a bullish bounce from support, while the sell setup expects a bearish reversal from resistance.
XAUUSD Gold had a wild week—Monday’s breakout, and now it’s back to the breakout level today! With all the mixed data, it’s been like chopping raw meat out there. A close below 2662 is okay, but dropping under 2657? That’s bad news. Only 5 trading days left this year before everyone switches to festive mode. With FOMC coming up, expect some surprises ahead!