XAUUSD Analysis & Forecast – H1 Time Frame
XAUUSD has recently rejected its higher high, creating a strong selling candle, signaling potential further downward movement. Currently, the pair looks poised for additional selling pressure, with a potential target around 2810.
Key Levels to Watch:
Resistance: 2882
Support: 2839
Traders should keep an eye on these levels as price action unfolds. A break below 2839 could strengthen the bearish momentum, while a push above 2882 may invalidate the current selling scenario.
Stay cautious and trade wisely! 🛑📉
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