XAUUSD H1 - Long Signal

2 Jul

We continue to see positive performance in XAUUSD. Currently, we are aiming for a break above the $2,338/oz level, compared to approximately $2,335/oz yesterday. I believe this is achievable within the week, with potential targets around $2,360/oz.

Given the recent trading patterns of XAUUSD, we might observe prices fluctuating between $2,322/oz and $2,324/oz, trending upwards to $2,336/oz before breaking higher. This presents an appealing and robust 120-point range that we can capitalize on.

We've been experiencing great success with gold recently. By trading from the identified support level of $2,322/oz and taking long positions, we've captured profitable intraday opportunities. From a swing trading perspective, our target is set at $2,360/oz.