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XAUUSD possible breakout soon

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XAUUSD is currently trending upward, making higher highs as it approaches the top of its established range. This resistance zone is crucial; a breakout above it could pave the way for higher levels, potentially up to 2550. With the CPI news release expected today, there's a possibility that the price may bounce off this range top and continue sideways in the short term. However, the price action at this key level could also signal an impending breakout to the upside, especially if the news is favourable. A breakout would suggest a shift in bullish momentum, while a rejection would likely confirm continued range-bound trading. The target is resistance at 2540
Trading ditutup: target tercapai
Price moved exactly as expected
RTED_Investing
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GoldgoldsignalsSilverSupport and ResistanceTrend AnalysisTrend LinesXAUUSD

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GoldgoldsignalsSilverSupport and ResistanceTrend AnalysisTrend LinesXAUUSD
RTED_Investing
Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Juga di:

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.