XAUUSD. Trading within the range.

Hey traders and investors!

I expected a correction to 2605.31 and a good buyer's resumption last week, but the correction didn't happen. Let's look at the chart.

A range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855.

The buyer's vector 5-6 has reached the upper boundary of the range. The seller's vector 6-7 is now relevant, with potential targets at 2605.31 (2581.445, 2536.855).

There was a consolidation in the middle of the range, so a buyer's resumption may occur within the 2650-2627 range.


Good luck with your trading and investments!