0.2546 is a crucial price level today, as it's a previously flipped support/resistance level retested after a strong rally, signaling a potential reversal. technical confluence comes from the lower timeframe absorption visible, indicating heavy selling pressure. target is 0.2397, expecting a swift move to the range low, with stop at 0.2645 invalidating the short.
Retesting 200EMA support at 4269.13, where price found buying interest yesterday. Convergence with ascending channel and RSI 58.1 suggests selling exhaustion. Expecting long call on XAUUSD, targeting channel resistance at 4323.43, with tight stop at 4232.93 to manage risk!
XAGUSD retesting key support at $22.50 today, where a successful defense could trigger a liquidity sweep and resume the uptrend. Invalidates below $22.25.
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