GOLD XAUUSD Technical Analysis and Trade Idea

It is apparent that GOLD XAUUSD has encountered notable downward pressure in recent trading sessions. Its trajectory has exhibited a clear descent towards a pivotal support level, as observed on the daily time frame. Our focus now revolves around identifying a favorable entry point during the impending retracement.

In the accompanying video, we delve into critical facets of technical analysis, encompassing elements such as price action dynamics, the prevailing market structure, trend identification, and the delineation of crucial support and resistance levels. It's imperative to emphasize that the content of the video is intended solely for educational purposes. It should not be construed as financial advice, but rather as a valuable resource for enhancing your understanding of market dynamics.

Trade closed: target reached:

T1 reached