Hello, traders! If you’re following the XAUUSD (Gold) market, we have good news for you. We have a technical analysis/trading signal for XAUUSD. Let’s dive into the market without wasting any time.

XAUUSD (Gold) Market Signal for September 2, by GuriforexXAUUSD (Gold) Market Signal/Technical Analysis for September 2, 2024, by Guriforex:

In the current short-term trend, XAUUSD (Gold) has formed a consolidation range, indicating that the market is taking a breather after recent movements. After experiencing a minor decline, the price has returned to a critical resistance area, raising anticipation among traders. The DeMarker indicator has exited the overbought zone, suggesting that the recent selling pressure may be easing. Meanwhile, the Parabolic SAR is signaling the potential beginning of a short-term upward movement.

📊 Key Indicators

🔍 Trading Strategy

💬 Your Thoughts and Strategy?

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