FRIENDS.. Given that XAU/USD closed at 2561 on Friday and is now trading at 2590, with a high of 2597, this suggests a strong bullish momentum at the start of the week. Here’s what you should consider :
The price has gapped up significantly from Friday. This often indicates strong buying interest, Maybe due to market news or positive sentiment over the weekend.
The price is reaching 2597, which might act as a psychological resistance. If it breaks above this level and holds, it could indicate further upside potential
The quick rally from 2561 to 2590 suggests strong momentum. If this continues, we could see a test of 2600 or higher
Buy if the price breaks above 2600 with strong volume set a stop loss near 2590 try to find confirmation m30 or above. Sell if it fails to break 2597-2600 and starts reversing. In this case, set a stop loss above 2605. Goodluck always DYOR before opening position
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closed at 2636.. as told break above 2600 with volume take long position