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Home » » Check Now: BUY Opportunity on XAUUSD! Correction Held Again at the UP TRENDLINE Area!

Check Now: BUY Opportunity on XAUUSD! Correction Held Again at the UP TRENDLINE Area!

 


XAUUSD Analysis

Uncertainty in the U.S. Presidential Election Impacts Prices

Gold prices have resumed an upward trend after a slight correction due to profit-taking. This strengthening is influenced by uncertainties surrounding the upcoming U.S. presidential election, along with ongoing tensions in the Middle East.

Testing the Up Trendline Area

Gold is currently testing the up trendline area as seen on the H1 timeframe, presenting a potential buy opportunity around this level.

Forecast: STRONG XAUUSD

Trade Plan:

  • BUY AREA: 2726.42 - 2740.74
  • Stop Loss (SL): 2713.93
  • Take Profit (TP) Levels:
    • TP1: 2753.36
    • TP2: 2772.70
    • TP3: 2792.05
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