Gold Spot / U.S. Dollar
Updated

GOLD XAUUSD Technical Analysis and Trade Idea

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In this video, we conduct a thorough analysis of XAUUSD GOLD. A noticeable uptrend is clearly discernible on the chart, indicating a substantial recent rally. Presently, GOLD is trading near a crucial weekly and daily resistance level, and in the video, we closely examine the current retracement. Within the video, we explore a potential trading concept founded on an assessment of the prevailing trend, price action, market structure, and various technical analysis factors.

It is imperative to stress that all aspects are meticulously elucidated in the video, and it is imperative to reiterate that the content is strictly intended for educational purposes and should not be regarded as financial advice.
Trade closed manually
This played out in terms of the retrace and rally however the retrace was deeper than anticipated. snapshot

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