SELL TREND IT XAUUSD AT 2668

gestern

XAU/USD Analysis: Potential Bearish Move

XAU/USD has recently rejected its resistance level, indicating that sellers are starting to take control of the market. After testing the resistance zone, price action shows signs of weakness, setting up for a potential bearish move.

Current Price Action:

The recent rejection at resistance suggests that buying momentum is weakening, and the market is leaning towards a downside correction.
The next key level to watch for a bearish move is around 2668. If the price breaks below this level, it could signal further downward movement.
Technical Targets:

First Target: The immediate technical target for this bearish move is 2645. This level aligns with previous support and could act as the next point of interest for traders looking to take profits or reassess the trend.

gestern

Trade ist aktiv

Hello Traders,

XAU/USD has shown respect for my entry zone and successfully hit the 2659 level. After reaching this target, it has begun retracing back toward the entry zone, offering another potential setup for traders.

Key Observations:

The price respected the initial analysis and moved decisively toward the 2659 target, showcasing strong alignment with technical expectations.
The current retracement suggests that XAU/USD may revisit the entry zone, potentially offering new opportunities for reentry or validation of the trend.