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XAUUSD Bullish Or Bearish? Lets Find Out!

Hello Traders 👋

XAUUSD 2h Chart Analysis Current Market : $2648

Bearish Opportunities:

he market may either continue selling from the current area or take a minor correction before declining toward the first support at $2637-$2623. If the first support level is breached, the next target would be the second support at $2612-$2604.

Bullish Opportunities:

The market appears to be gaining momentum from the first support level. However, if this support level breaks, the second support is expected to trigger a rebound. Additionally, there are Fair Value Gaps (FVGs) above that the market needs to fill before continuing any potential downward movement. The final FVG in this range lies between $2699 and $2708, which aligns with our first resistance level and is likely to initiate a downward move.


Note: Always conduct your own analysis before entering any trades!
Additionally, keep an eye on today's Manufacturing PMI news, as it could impact the market and our analysis.
עסקה פעילה
תמונת-בזק

market just sweep the previous days low, now i am waiting for the market to retest then i could execute this trade

Patience is key to executing this setup with precision.
הערה
תמונת-בזק

120 pips generated
עסקה סגורה: היעד הושג
תמונת-בזק

1 more setup for you guys

ive closed my buys and sold
הערה
תמונת-בזק

Running almost 80+ pips
הערה
תמונת-בזק

target reached!

done for the day.
120+ pips in buying.
120+ pips in selling.

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