XAUUSD

[cryptobro]

Hello Traders!

What are your thoughts on GOLD?

Gold has entered a range-bound phase after making a new high followed by a sharp correction.
The price is currently moving sideways between key support and resistance levels, and as long as these zones remain intact, choppy and indecisive movements are expected to continue.
We expect gold to first form a short-term upward correction toward the identified resistance zone, which would also act as a pullback to the previously broken structure.
Once this pullback is complete, the price may resume its downward move toward the lower support targets.
If gold breaks the support zone before completing the upward correction, the bearish scenario will be confirmed without any significant retracement, leading to a deeper decline.
Overall, the market remains range-bound and volatile, and it’s best to wait for a breakout from key levels before taking new positions.
Don’t forget to like and share your thoughts in the comments! ️

[alex10]

Gold still acting as the ultimate hedge amid market uncertainty.

[Nahid Hossen]

Watching for a breakout above resistance — could trigger next leg up.