XAUUSD Formed an inverted head and shoulder pattern
Recently, XAUUSD experienced a surge in bullish momentum, resulting in the price climbing back above $1930. This upward movement was accompanied by the formation of an inverted head and shoulders pattern, which was further confirmed by a breakout above the neckline on both the 30-minute and hourly timeframes. Based on this pattern, it is anticipated that the price will maintain its bullish trend and surpass the highlighted zone, potentially reaching a target of $1950 or even higher.
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