XAUUSD If anyone have doubts (or) not agree with my view point please let me know.
Trade Setup: Sell
Trade Entry: 2,675 USD Stop Loss: 2,685 USD
Take Profit 1: 2,660 USD Take Profit 2: 2,650 USD
Reason for Entry: The price is nearing a strong resistance level at 2,680 USD, which aligns with the 50% Fibonacci retracement level. A bearish reversal signal suggests a high probability of a price decline from this level.
XAUUSD Good day! After yesterday’s quick update, gold dropped deeper to 2642. The 2642-45 level is a crucial support zone, and it needs to break for further bearish movement. There’s still high pressure on the upside, so with today’s FOMC decision, I’d suggest taking a break today. But if you want to trade today No matter what, you could look for a sell in the 2671-2686 range with a stop loss above 2692. It’s a big zone, so only jump in if you’re set on trading with proper risk management, otherwise, it’s best to take a break today.
Sell:- 2671 -2686 range Stop loss above 2692 Targets 2660/2650
XAUUSD Quick Update:- If the H4 candle closes below the critical 2680 level, and the subsequent H4 candle continues downward without retracement we may see a significant decline from this point. Such a movement would indicate strong bearish momentum, suggesting that sellers are firmly in control. Breaking this key support level on the H4 timeframe could lead to increased selling pressure and potentially trigger a deeper fall.