Buy Gold (Xau/Usd) Bullish Channel

Updated
The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.

Key Points:

Buy Entry: Consider entering a Long position around the current price of 2516, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2551
2nd Support – 2573


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beyondtechnicalanalysischanneltrendChart Patternsfundamental-analysisGoldgoldlongTechnical IndicatorsTrend AnalysisUSDXAUXAUUSDxauusdlong

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