XAUUSD LONG PERSPECTIVE | BREAKOUT ZONE
XAUUSD is forming Bullish Pennant on 4H interval. We can expect upward movement if price candle close above yellow Breakout Zone. In case of the opposite then we shall expect some strong down movement to zones: 1282.08 & 1274.11. Long buy profit zone is up to 1309.0
Note
Gold is also oversold on D1 StochRSI!
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