Phenol_fx

XAUUSD Stuck in a wide range

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD prices face challenges, partly because traders have factored in the downside risk premium from the Israel-Hamas conflict. The lack of escalation of the conflict has reduced safe-haven demand for Gold

H2 Chart shows that XAUUSD price is maintaining above 196x, resistance zone at 1970 1972, below 0.5 zone of fibonacci retracement, stable below EMA, relative strength RSI at 35.

🌐PLAN XAUUSD November 8

🔴SELL watch Price range 1978$ - 1980$ - stoploss: 1985$

Buy price range 1950$ - 1952$ - stoploss: 1945$

Note: Full TP, SL to be safe and win the market ‼️

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