XAUUSD short-term analysis

https://www.tradingview.com/chart/pLX3WFYY/?symbol=EIGHTCAP%3AXAUUSD

XAUUSD short-term analysis:

- XAUUSD (Gold Spot / U.S. Dollar) recently hit an all-time high and has retraced slightly.
- The price is currently testing the critical support level** and the 50-period moving average (MA50).


-Bearish Scenario (🔽): If XAUUSD breaks below the 2465 support falls under the trend line, and breaches the nearest fractal, it could decline further to 2452

- Bullish Scenario (🔼) Alternatively, if the price rebounds from the current support level, we might see a move back up to 2482