XAUUSD : What's Next?
As you may know, the XAUUSD pair has been in the spotlight recently due to its bullish push to 1920, followed by a pullback and a retest of the M15 support level. This support level is also close to the 25% zone on this timeframe, but it has just retested 75% on the 4-hour timeframe, leading to the recent pullback.
The big question on everyone's mind now is what's next for XAUUSD? As we enter the next phase of market distribution, many traders are wondering if the 25% level will rise with the others or if we could see a stronger drawdown on the pair.
If the 25% level does rise, we can expect to see the pair continue to move higher, potentially even breaking through previous resistance levels. However, if the 25% level fails to rise, traders should be cautious as we could see potential losses.
As always, it's important to stay up-to-date on the latest market trends and analysis, and to keep a close eye on any news or events that could impact the performance of XAUUSD.
Stay tuned for more updates on this exciting and dynamic forex trading pair. Happy trading!
The big question on everyone's mind now is what's next for XAUUSD? As we enter the next phase of market distribution, many traders are wondering if the 25% level will rise with the others or if we could see a stronger drawdown on the pair.
If the 25% level does rise, we can expect to see the pair continue to move higher, potentially even breaking through previous resistance levels. However, if the 25% level fails to rise, traders should be cautious as we could see potential losses.
As always, it's important to stay up-to-date on the latest market trends and analysis, and to keep a close eye on any news or events that could impact the performance of XAUUSD.
Stay tuned for more updates on this exciting and dynamic forex trading pair. Happy trading!
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