#XAU/USD#
Market Update:
The market is currently moving in a range between 2633 (support) and 2656 (resistance), indicating indecision among traders.
Key Points:
Breakout Above 2656: Could signal a bullish trend.
Breakdown Below 2633: Could indicate a bearish trend.
Our Perception:
We are anticipating a downside breakout. If this happens, the price could quickly retest 2621 and 2605 in a short period.
Suggested Approach:
Wait for a clear breakout or breakdown before entering a trade.
Confirm the move with a retest of the level.
Avoid trading inside the range to minimize risk.
Keep an eye on the volume to confirm the breakout or breakdown.
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