XAUUSD what's going on? sittuation for 17/07/2025

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XAUUSD what's going on? sittuation for 17/07/2025GoldOANDA:XAUUSDAlgoTrader_SergeyπŸ”Ή Current Price Action (M30 & H1): Price is stuck in a tight range between 3335–3345. Volume is dropping β€” showing no strong pressure from either buyers or sellers. %R indicator is in the oversold zone (below -80), but there’s no sharp bounce yet. On H1, there's a weak attempt to recover β€” small candles with upper wicks = uncertain growth or selling pressure at highs. πŸ” Possible Scenarios for Today: βœ… Scenario #1: Fake Breakout Down, Then Reversal Up If price holds above 3329–3331 and we see a strong bullish candle with volume, it might be worth trying a long. 🎯 Targets: 3348, then 3355 πŸ›‘ Stop-loss: below 3328 β›” Scenario #2: Break Below 3328, Move Lower If M30 or H1 closes confidently below 3328, that could signal a drop towards 3315–3305. Look to short on the retest of the broken level. 🎯 Targets: 3316, then 3306 πŸ“Œ Priority Right Now: We're in balance β€” no clear bias. But if we break and hold below 3328, shorts become more attractive. If price breaks and holds above 3345, that opens up upside potential.