I have analyzed the XAUUSD chart and marked the following key levels and targets:
Support Level: 2710
This is the level where I anticipate buyers may step in to provide support to the market.
Resistance Level: 2725
This is the level where selling pressure is expected, potentially limiting upward movement.
First Target: 2717
I expect the price to reach this level as my initial target for the day.
Second Target: 2712
This is my secondary target, where I plan to maximize potential gains.
Stop Loss: 2729
I have set my stop loss here to manage risk effectively in case the market moves against the trade.