XAU/USD Analysis: Potential Trading Strategy
Let's assess the XAU/USD dynamics:
Daily Chart:
The trendline breach indicates a shift towards bearish sentiment.
Notably, there's a strong reaction to the established level.
4-Hour Chart:
The level of 2029 has been breached, affirming a downtrend.
15-Minute Chart:
Entry Points: Consider entries at 2029.00 and 2031.70.
Set Stop Loss (SL) at 2037.00.
Take Profit (TP): Aim for 2017.60 and 1999.65.
Stay vigilant and execute your trades cautiously in line with these observations.
Best of luck with your trades!
Daily Chart:
Notably, there's a strong reaction to the established level.
4-Hour Chart:
15-Minute Chart:
Entry Points: Consider entries at 2029.00 and 2031.70.
Set Stop Loss (SL) at 2037.00.
Take Profit (TP): Aim for 2017.60 and 1999.65.
Stay vigilant and execute your trades cautiously in line with these observations.
Best of luck with your trades!