#XAUUSD #usd
The market appears to be in a sideways consolidation phase. The price is fluctuating between the support level at approximately 3370.00 and the resistance level around 3460.00, as indicated by the horizontal movement of the price candles.
There are no clear user-drawn annotations that suggest a breakout or a strong directional trend.
+ 2,800 points
Breakdown Sell
If the price breaks below the support level at 3370.00 with sustained momentum, a sell position might be profitable as the trend could shift more distinctly bearish.
Stop Loss
3,390.00
Take Profit
3,340.00
Sell
3,368.00
+ 2,800 points
Support Bounce Buy
Given the market's sideways movement and current price near the support level, a bounce off the support could offer an opportunity for a short-term buy position.
Stop Loss
3,360.00
Take Profit
3,400.00
Buy
3,372.00