XAUUSD Analysis by @HusseinSheikhAliTTR

The analysis focuses on Gold spot against the US Dollar, XAUUSD. Gold is currently ranging between a resistance level of 2809 and a support level of 2787. The primary analysis points toward a potential break below the support at 2787. If the price breaks below the mentioned support, a retest of the next support level around 2764 is anticipated on the daily time frame. The analysis also says that there is no trade opportunity until the market retrace and there should be patience, so no target for the range movement or the bullish part of the trend, for the analysis the main prediction is the break of support, with the target at 2764 and it is a bearish trend prediction, this is supported by an analysis of the daily time frame.