Indonesia1945

XAUUSD: a bullish moment.

Long
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
In the context of a 1-hour trading plan for XAU/USD, the current analysis suggests a potential correction towards an ideal support level at the 2168 mark. This correction is anticipated to serve as a pivotal point, offering an opportunity for traders to capitalize on the impending rebound. Following the correction, the price is expected to regain momentum, ascending towards the 2184 level, which represents a key resistance-turned-support zone. Subsequently, the bullish momentum is projected to persist, driving the price further towards the psychological barrier at 2200. This analysis is grounded in a comprehensive assessment of market dynamics, incorporating technical indicators and price action observations, and offers a strategic outlook for traders seeking to navigate the XAU/USD landscape within a 1-hour timeframe.
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