XAUUSD Analysis: Bullish Reversal Expected
XAUUSD has approached a key support area at 2320, where a bullish reversal is anticipated. Technical indicators and chart patterns suggest that the market is poised to reverse and move upwards. The target area is set at 2360-2378 and 2388, with a stop loss at 2300 to manage risk effectively. This setup presents a promising opportunity for traders to capitalize on the expected rise.
Stay tuned for further updates and detailed analysis!
Stay tuned for further updates and detailed analysis!
Trade closed: target reached
Stoploss was adjusted and trade played out successfully
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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.