. There is a possibility of temporary retracement to resistance support line (1280.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. The is at 29.
TP1= @ 1272.90
TP2= @ 1260.60
TP3= @ 1240.55
SL= @ 1285.25
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