XAUUSD Analysis: Potential Upside Momentum
Hello Everyone,
As of now, XAUUSD has surged to 2305.23, with the prevailing market sentiment leaning towards short positions. However, recent adjustments in support levels suggest a potential for further upward movement. The current lack of substantial data makes it difficult to anticipate a bearish trend. Presently, the daily support level is under examination, which will provide clarity on future direction. Thus far, the daily pivot point has effectively served as a support level. If this daily support fails to hold, there could be a revisit to the weekly or monthly support levels.
TradeWithTheTrend3344
As of now, XAUUSD has surged to 2305.23, with the prevailing market sentiment leaning towards short positions. However, recent adjustments in support levels suggest a potential for further upward movement. The current lack of substantial data makes it difficult to anticipate a bearish trend. Presently, the daily support level is under examination, which will provide clarity on future direction. Thus far, the daily pivot point has effectively served as a support level. If this daily support fails to hold, there could be a revisit to the weekly or monthly support levels.
TradeWithTheTrend3344