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In an hourly chart, this pair is losing some price so if the price continuous for downtrend then the price might tough 1750 level and if the pair goes to uptrend then for sure it will touch 1800 again so let's see what goes next.
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To make the best out of XAU/USD, traders focus on the most active trading hours, which is justified by high trading volume. The time of the day when gold is traded the most is around 3:00 pm – 11:00 pm (GMT+3).
Forex traders should consider XAU/USD as a reliable safe haven for their investment activity, as well as a potential profit source if they can effectively analyze gold's price movements and develop a trading strategy to capitalize on this opportunity.
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