XAUUSD D1 technical by Bright Trust Academy perspective

XAUUSD D1 technical by Bright Trust Academy perspective, setting a new historical high can be considered a new incentive for bulls. However, to achieve additional profits, caution is advised as oscillators on the daily chart have begun moving into the overbought zone. Therefore, any upward movement will encounter resistance and may stop near the psychological level of $2500.On the other hand, any significant drop below the previous historical high of around $2450 can now be seen as a buying opportunity, likely remaining capped slightly below this price in the area of $2430-2425. However, a convincing break lower would trigger technical selling and push the yellow metal down to the $2400 mark. Furthermore, subsequent sales below the $2388-2390 area would pave the way for deeper losses..

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