XAUUSD Analysis by @HusseinSheikhAliTTR

The analysis focuses on Gold spot against the US Dollar, XAUUSD, on an hourly chart. It identifies a trading range between resistance at 2742 and support at 2738. If the price breaks above 2742, a retest of the next resistance at 2746 is expected. Conversely, if the price drops below 2738, the next support level at 2732 will likely be retested. The presenter emphasizes the need for patience and discipline while trading. Trading within the range is predicted to be the most likely scenario until a breakout happens. The price is currently sitting in the middle of the range and it is expected to either test a support or resistance depending on the next price action.