What will be the next move In XAU USD ❓

If we look at $XAU USD Chart. 1D,4Hr,1Hr every timeframe is moving up and the market closed. In a 1Hr consolidation zone below 4990. So its a key level. If we wants to take Buy we should wait for a candle close above 4990. Then we can target towards 4995,5000,5005 5$ of increments.

XAU
XAUUSDT
5,034.63
+1.24%

For sell we should look below 4965 level. Its the mose recent support zone. So any candle close below this zone we can go for sell. But a better sell will be create a lower low.

Market is in it's all-time high. Every week it's breaking its previous High.

Be careful Guys before taking a trade. Follow rules. ✅

Thanks

#forextrading #XAUUSD #XAUUSDAnalysis