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Score
If You Had Traded on This Analysis…
Correct
XAUUSD
Long Entry 3,348.9000 2025-08-12 09:00 UTC
Target 3,380.0000 In 60 Minutes Fail 3,340.0000
Risk/Reward 1 : 3
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Final PnL
0.93%
P/L:
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XAUUSD
Correct
Forex
Technical
1H
Analysis Predict Range Market
The analyst discusses the gold market (XAUUSD) and its potential movements considering the upcoming CPI news. Yesterday there was a good amount of selling pressure. Key support and resistance levels are identified. The 3360-55 level is now acting as resistance. The market has tested the resistance 4 to 5 times and might test the selling opportunities around 3365-68 and 3380 and market may also take support at 3343-41. The analyst suggests limited trading opportunities due to the CPI. Day traders should aim for 40 to 60 pips and avoid holding positions. The price of 3340 is a key level, and if it breaks, caution is advised due to temporary movements before the news. High selling pressure below 3340 presents a selling opportunity but if the market breaks the 3340 support, exercise caution.
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