📉 MARKET UPDATE: GOLD/XAUUSD ANALYSIS 📉
Price has formed a bearish daily candle, indicating potential downside momentum. At this point, we need to wait and observe the market’s next move.
On the H1 timeframe, we have a key support level at @ 3309. If the price respects this zone, we’ll look for potential buying opportunities. If that support breaks, it could signal further downside movement for gold.
On the upside, there’s a significant daily resistance level at @ 3343. For gold to continue its bullish run, it must break and hold above this level.
Until then, today’s session will likely be a waiting game.
Be patient and follow the plan carefully. 📱 @nursejannah