XAUUSD experienced a deeper pullback following yesterday's news release and has since bounced off a support level, signaling a potential entry into a consolidation phase. With another busy day of news events ahead, we could witness increased volatility and market spikes. The market may pull back further, potentially taking liquidity below the previous day's low and retesting the psychological level at 2700 before resuming its upward movement. The target is the resistance zone around 2770
Trade closed: target reached
XAUUSD Target reached!Price increased over 50 USD since the analysis was published!
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
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.