Hello Traders!
Analyzing XAU/USD on the H1 timeframe, we can observe that the 2643–2640 zone acts as a key support level for gold. If this zone holds, we could expect a retest followed by a move towards the trendline, potentially pushing prices up to the 2672–2680 level, where selling pressure might emerge.
However, if prices break below the 2643–2640 level, we may see gold decline further, targeting the 2428–2424 zone.
Stay vigilant and trade responsibly!