GOLD XAUUSD Technical Analysis And Trade Idea

Taking a close look at the charts, we can see that gold has retraced somewhat from its recent highs. It is evident that on the weekly time frame, the price is overextended and currently pulling back. The question is how far will it retrace, or will it rotate at the current level and seek liquidity above the previous highs that haven’t been raided as yet. In the video we move down to a lower time frame to discuss a potential trade opportunity based on market structure, price action, the trend, and other important aspects of technical analysis.

It’s important to note that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the foreign exchange market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.

A big thank you for those of you who have been boosting my trade ideas, this is much appreciated.

Comment:

Retrace didnt happen