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Home » » XAUUSD Still Has a Buy Opportunity: Potential for Symmetrical Triangle Remains

XAUUSD Still Has a Buy Opportunity: Potential for Symmetrical Triangle Remains

 


XAUUSD Analysis

Gold Hasn't Rebounded Yet

Gold prices have yet to rebound despite significant growth in U.S. employment data. The market is still awaiting U.S. inflation data this week, which is expected to show signs of a slowdown.

Symmetrical Triangle Potential Remains

The potential for a symmetrical triangle pattern on the H1 time frame remains present. The price is approaching the lower line of this potential pattern.

Prediction: STRONG XAUUSD

Trade Plan:

  • BUY AREA: 2646.12 - 2637.70
  • Stop Loss (SL): 2621.65
  • Take Profit (TP):
    • TP1: 2662.58
    • TP2: 2682.45
    • TP3: 2702.49
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