Welcome Esteemed Investors, I n the ever-evolving landscape of the financial markets, understanding the dynamics of precious metals like Gold (XAU) is crucial for informed decision-making. Today, I bring you insights into the XAUUSD market, aiming to contribute to your comprehensive research endeavors. T he recent movements in the Gold market have been...
XAUUSD Technical Analysis 25.07.2022 1h chart ✅ Previous Weekly candle closed Bullish at 1728 forming Support at 1707.400, the last 2 trading days of the last week have had a huge pullback as the price tapped 1680 the previous Daily Support formed on the 8th and 31st of March 2021 grabbing Liquidity on the higher timeframe. ✅ Buys on a close above 1734.700...
here is a more precise and current view on a shorter time frame for deciding whether to take long or short from here. watch out for bearish candles at this area. It it wants go any higher it will penetrate trough and then retest this area for long entries.
Buy GOLD at Resistance $1,464 Stop Loss $1,450 Take Profit $1,494