The XAUUSD has developed a symmetrical triangle pattern, with the price surpassing both the upper trend line and the 200-day Moving Average (MA200). The momentum indicator has also climbed above the 100.0 mark, potentially indicating the start of a short-term bullish trend.
Trading Strategy: Consider a buy position for XAUUSD if it breaks out above 2335; Take Profit (TP): Target a take profit at 2350;
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