Gold Trading Strategy, XAUUSD Analysis & Forecast - Thursday, May 8
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Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.
Bearish or Bullish Breakdown: Will gold continue to lose/gain value, or will we see a reversal?
Key Levels to Watch:
- Support: Full Red Line(Important for bearish continuation)
- Resistance: Full Red Line (Critical levels for bullish movement)
- Target Areas: Watch for price action on the lower time frames (1-hour, 4-hour) to gauge potential breakout direction. Around Supply/Demand Zones
Video Length: 00:04:16
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Disclaimer: Any Advice or information is General Advice Only – It does not take into account your personal circumstances, please do not trade or invest based solely on this information. ...
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