Apr 18, 2025
Trade ideas
XAUUSD, H4
XAUUSD is slightly corrected, while the RSI leaves the overbought zone. The price is currently retesting the trendline, suggesting further scenarios:
If the price breaches above the 261.8 Fibonacci, the upside will be toward 3415;
However, gold may correct to 3300 with further rising to 3415 resistance if the correction continues.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
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