XAUUSD
I hope everyone is having a wonderful weekend. May peace and joy fill your lives.
I'd like to share my market analysis with all of you. The daily market trend is still bullish. The market has consistently moved above the 50% Fibonacci retracement level. My expectation is that it will break its previous high. However, if the market falls below the 2360-2370 support area, I would consider selling it down to the last daily low.
On the H4 timeframe, the market is currently trading within a range. My initial target on the H1 timeframe is 2453. I'll be entering a buy trade at 2420 with confirmation on smaller time frame and will monitor the smaller timeframes for any potential reversal. If the price breaks below 2420, I'll consider selling it to 2400.
Let's see how the market reacts to this analysis. That's all for today. Thank you.
I'd like to share my market analysis with all of you. The daily market trend is still bullish. The market has consistently moved above the 50% Fibonacci retracement level. My expectation is that it will break its previous high. However, if the market falls below the 2360-2370 support area, I would consider selling it down to the last daily low.
On the H4 timeframe, the market is currently trading within a range. My initial target on the H1 timeframe is 2453. I'll be entering a buy trade at 2420 with confirmation on smaller time frame and will monitor the smaller timeframes for any potential reversal. If the price breaks below 2420, I'll consider selling it to 2400.
Let's see how the market reacts to this analysis. That's all for today. Thank you.
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