XAUUSD Good day! Gold opened with a significant gap down, and we’re seeing some choppy action. It looks like there’s a strong chance for gold to retrace back toward the gap area, with 2745-47 shaping up to be a critical resistance zone. If it can break above this level, we’re likely looking at a push higher to the 2765-70 range. However, if 2745-47 holds as resistance and gets rejected, gold could drop back down to 2710. A clean break below 2710 would be a strong bearish signal, opening the door for a further slide toward 2680-75. Keep these key levels in mind, and trade accordingly — there’s some real opportunity here if you stay sharp!
Buy:- Breakout 2745-2747 Target 2760/70
Sell:- Rejection At 2745 or wait till a breakout at 2710.
XAUUSD Gold had a pretty choppy week, stuck in a wide range from 2715 to 2745. With the U.S. elections coming up and global tensions still lingering, a breakout could go either way. Until we see a clear breakout direction, staying cautious seems like the best move.