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Gold (XAUUSD)
Long

Gold XAU/USD Rejection from Resistance with Potential Rebounce

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On the 15-minute chart, Gold is currently facing rejection from a key resistance level. If the price retraces back to the support level, there is potential for a rebound. This support has previously acted as a strong zone, and we could see a bounce if it holds again. However, it’s important to watch for confirmation signals before entering a position, as a break below this support could invalidate the bullish scenario.
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Chart PatternsgoldlongHarmonic PatternsTrend AnalysisDJ FXCM IndexXAUUSDxauusdlong

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Chart PatternsgoldlongHarmonic PatternsTrend AnalysisDJ FXCM IndexXAUUSDxauusdlong
WaveRiders2
WiVERIDERS
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.