XAUUSD Observations from the price chart reveal a notable breach of the prevailing resistance trendline.Furthermore, the chart showcases the emergence of an elegantly formed cup and handle pattern.
Should this upward momentum persist, there is a likelihood of validating this as a reversal signal, paving the way for further upward movement towards the significant resistance level at the 1987.475 price point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.