XAUUSD 1D TIME FRAME 7/25/2024

It is evident that the bullish long-term cycle has nearly concluded, making long-term buying strategies impractical at this stage. The impulse cycle for leg 5 within leg 5 on the daily timeframe is nearing completion, pending confirmation with standard deviations and a definitive UTAD setup.

Currently, we are in phase B. The target for the current buy option is clearly identified on the daily timeframe, aiming to capitalize on standard deviations marking the end of the cycle.

I will prioritize analyzing internal cycles to pinpoint optimal entry points with minimized risk parameters. A cautious approach is recommended as we closely monitor market developments