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Score
If You Had Traded on This Analysis…
Correct
XAUUSD
Entry 3,343.4000 2025-08-21 08:58 UTC
Target 3,356.0000 In 1 Minutes
Fail 3,320.0000
Risk / Reward 1 : 1
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Final PnL
0.38%
P/L:
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XAUUSD
Correct
Forex
Technical
1H
Analysis Predict Range Market
Body
The analysis is for XAUUSD. After finding support around 3310.15, gold showed an upside to 3350. The current market price is around 3340. On the 15-minute chart, after an upside, gold is showing retracement or correction. The daily timeframe is sideways. For higher timeframe traders, this may not be the right time to trade. 4H analysis showed a bearish market structure is trying to be broken. 3360 needs to be broken. The next best support is at 3300, 3285, and 3275. A buying opportunity is at 3332 and 3327, with a target of 50 pips. Also, the previous resistance may work as support. At 50% fib retracement level around 3332 and 61.8% retracement around the 3327 area. A pullback trade is also a choice. If there is a breakdown at 3340, that same level would be the new resistance. Risky trade at 3352 and 3358. Avoid if the volume is low.
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