Trading suggestion: . There is a possibility of temporary retracement to suggested Resistance line (2036) or also on uptrend breakup. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . XAUUSD is in a range bound and the beginning of down trend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45.
Thank you!
Thank you!