XAUUSD Market scenario,, running uptrend (Read captions)

2 days ago

XAUUSD Price Forecast 🔔

Gold remains in an uptrend, with key resistance at 2788. A breakout above this level could confirm targets of 2820. Support holds at 2760, and a breakdown through the moving average may trigger further selling, targeting 2739, 2718, and 2696. The 200 EMA & 50 EMA golden crossover signals a bullish outlook.
XAUUSD
Trade Setup:
Buy Entry: 2778-2760
Target 1: 2788
Target 2: 2820
Stop Loss: 2755

Trade Setup:
Sell Entry: 2778
Target 1: 2760
Target 2: 2739
Target 3: 2718
Target 4: 2696
Stop Loss: 2792

yesterday

Trade active

Market Update:
Trendline Breakdown: The market has broken down below the trendline with a strong bearish candle, resulting in a solid 200+ pips profit already locked in! 📉🔥

Upcoming Retracement: Now, the price appears to be retracing back to the trendline zone. Keep an eye on this area, as it could offer potential re-entry opportunities or confirmation for further moves.

Stay alert and manage positions accordingly!