GOLD XAUUSD Technical Analysis and Trade Idea

In this video analysis, we closely examine GOLD. We've identified a break below a prior low, indicating a downtrend. Considering the ongoing weakness in the British pound and the prevailing strength in the Swiss franc, I'm considering a potential selling opportunity for XAUUSD.

At present, the price has retraced significantly into a critical resistance area. As highlighted in the video, we're anticipating a possible rejection and move downward, especially around the New York open, provided the conditions discussed in the video align.

It's important to emphasize that this analysis is solely for educational purposes and should not be considered as financial advice.

Trade active:

CORRECTION: In this video analysis, we closely examine GOLD. We've identified a break below a prior low, indicating a downtrend. I'm considering a potential selling opportunity for XAUUSD.

At present, the price has retraced significantly into a critical resistance area. As highlighted in the video, we're anticipating a possible rejection and move downward, especially around the New York open, provided the conditions discussed in the video align.

It's important to emphasize that this analysis is solely for educational purposes and should not be considered as financial advice.

Trade closed: target reached: