XAUUSD Trade Update: Opportunities Ahead!

昨天

Hey Guys, here's the latest update on XAUUSD.

We've had a solid run with gold recently, although we faced a small loss yesterday. Don't worry, though—there are plenty of opportunities coming up!

Update:
XAUUSD has broken through the channel and is currently testing the resistance level.

Trend:
In the short term, the bearish momentum is weak. However, the long-term trend remains strong, so we shouldn't go against the overall market direction.

Scenario:
At the moment, XAUUSD is testing the 2643 midrange as resistance. If it breaks back above this level, as indicated by the arrows on the chart, I’ll re-enter the trade and go long. My first target will be 2710, and the second target will be the higher range at 2790.

First Target: 2710

Second Target: 2790

Stay tuned for more updates and follow along for the next moves!