XAUUSD Analysis by @HusseinSheikhAliTTR

Total Quality
Score
3364.3
3372.0000000000
3351
XAUUSD
1H
Fail
Free
Analysis Predict Bear Market
forex
Technical
The analysis focuses on gold (XAUUSD), currently ranging between a resistance level of 3371 and a support level of 3362. A potential scenario involves gold breaking below the support at 3362, leading to a retest of the next support at 3351. Alternatively, if gold surpasses the resistance at 3371, a retest of the next resistance at 3380 is anticipated. The trading strategy emphasizes the necessity of patience and discipline to maximize profits. The analysis suggests that if XAUUSD fails to break the 3362 support, it might retest the resistance at 3371. Conversely, a breakthrough above 3371 could lead to testing 3380.
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