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Xauusd forecast for today.
The price action of Gold (XAU/USD) on a 1-hour timeframe.
Supply Zone
This is the area where selling pressure is expected to increase.
The price is nearing this zone, suggesting potential resistance and a reversal.
Demand Zone (Supply Becomes Demand)
This is the area around 2,657.768 where prior supply transitioned into demand.
If the price retraces, this zone is likely to act as support.
Price Action Forecast:
The chart predicts a move into the supply zone, possibly reaching 2,713.632 to 2,724.335.
A rejection from this zone is expected, with the price potentially moving downward towards the demand zone.
The overall scenario suggests a potential sell setup if the price reacts to the supply zone, aiming for a correction towards the demand zone.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Supply Zone
This is the area where selling pressure is expected to increase.
The price is nearing this zone, suggesting potential resistance and a reversal.
Demand Zone (Supply Becomes Demand)
This is the area around 2,657.768 where prior supply transitioned into demand.
If the price retraces, this zone is likely to act as support.
Price Action Forecast:
The chart predicts a move into the supply zone, possibly reaching 2,713.632 to 2,724.335.
A rejection from this zone is expected, with the price potentially moving downward towards the demand zone.
The overall scenario suggests a potential sell setup if the price reacts to the supply zone, aiming for a correction towards the demand zone.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
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