Gold #XAUUSD at retraced to its breakout level.
The #XAUUSD (
GOLD
) chart is currently retracing back to its recent breakout point. After a strong upward movement, it's dipping to test the previous breakout level. This retracement marks a crucial moment—will it hold as support or lead to further decline? Traders are watching closely for insights into whether the initial breakout was a lasting move or just a temporary jump. Observing how the price behaves here will give a clearer picture of what might come next for #XAUUSD.
GOLD
) chart is currently retracing back to its recent breakout point. After a strong upward movement, it's dipping to test the previous breakout level. This retracement marks a crucial moment—will it hold as support or lead to further decline? Traders are watching closely for insights into whether the initial breakout was a lasting move or just a temporary jump. Observing how the price behaves here will give a clearer picture of what might come next for #XAUUSD.
Comment:
Gold is acting suspicious not moving much outside of the narrow range.
Comment:
gold trading below 1975 losing its steam.
Comment:
GOLD
trading at 1950
GOLD
trading at 1950