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Gold Spot / U.S. Dollar
Long

"Gold (XAU/USD) Breakout and Retest: Bullish Continuation or Rev

189
The chart shows a strong bullish momentum in gold (XAU/USD) with a rounded retest pattern. Price recently broke a key resistance and is now testing it as support. There is an indication of a potential sell from the current high, but a successful retest of the breakout zone could confirm further bullish continuation. The buy target is set around 2,931, while the sell target is near 2,882. If the price holds above the breakout zone, buying pressure is expected to continue. XAUUSD
TRADE_CENTER_1
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australiandollarBTCChart PatternsdollareurogoldanalysisTechnical IndicatorsjpyTrend AnalysisUSDXAUUSDxauusdupdates
TRADE_CENTER_1
If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
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.