XAUUSD I value your perspective—if you have any doubts or differing opinions, please share them. The market is structured to be fair, and with strong analytical skills, you can achieve profitability.
Gold Daily Analysis based on Main Key Levels Daily Current Market Price (DCMP): 2649
Analysis Intraday Buy Trade Entry: 2636 Stop Loss: Below the recent swing low at 2536 Take Profit 1: Around the Pivot level at 2666 Take Profit 2: Near the SELL/Resistance1 level at 2640.7
Intraday Sell Trade Entry: 2666 Stop Loss: Above the recent swing high at 2750 Take Profit 1: Around the Pivot level at 2626.8 Take Profit 2: Near the BUY/Support1 level at 2612.7
Technical Remarks The market has recently established a new swing low at 2538 (14Nov24), indicating a potential continuation of the downtrend. The previous swing low at 2604 (10Oct24) remains a critical support level. The current DCMP at 2649 is positioned between significant resistance and support levels, making it a key area to monitor for potential breakout or breakdown.
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XAUUSD Good day! Gold shifted direction after the FOMC minutes, caught in some volatility. Seems like it’s stuck in a range for now. If the PCE data surprises the market, we could see gold push back up to the 2660/2670 zone. Big data day ahead, so stay sharp and trade wisely.