XAUUSD Analysis (29th April 2024)

XAUUSD Analysis

On the 1 hour timeframe, price action has created a 1 hour Bullish retracement.

Currently, price is in between the 1 hour low of 2326 and 2352. To get a clearer picture, I want price to break above/below these levels in order to look for potential trades.

IF price breaks above 2352, i wll be looking for a break and retest of that key level to take price to 2380.

However, if price breaks below 2326, i will be looking for active sells to target the 2292 level.