XAUUSD
1125
The confusing yellow metal !
We are still on the same expectations for yellow metal until we see change at the levels that we have mentioned in our previous reports. while the negative scenario still valid unless breaching the mentioned level 1140, as breaching this level will lead the price to test 1150 level. so, expected trading range for today is between 1114 and 1138 .
as long as the market as shown below the mid-term down trend as we highlighted it , it means the downside risk is over there and cannot be ignored , despite , we see higher probability on the upward movement.
We are waiting the market to re-test the 1150s levels ( The Trend-Line ) ; or generating a more bars to be at least clearer than the current information which we have on the chart. All in All , as we see on the chart if market trading below than 1114s we will see , more down move to 1105/1080s levels , as long as the market higher than that levels , so at least a re-test for 1150s is expected.
| Support | Resistence | |
| Level 1 | 1125 | 1142 |
| Level 2 | 1118 | 1158 |
| Level 3 | 1105 | 1168 |
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