XAUUSD is currently at a clear resistance level that has acted as a zone for bullish momentum. This could signal a potential selling opportunity.If bearish signals, such as rejection wicks or bearish candlestick patterns, emerge, I expect a move toward 2,912. On the other hand, a breakout above this resistance could weaken the bearish outlook.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.