Since the decline last Monday, the low points have continuously risen, while the high points have been suppressed at the 3,250-52 level for a long time. It was not until after the U.S. market closed last night that a rapid breakthrough occurred. For this breakthrough, traders can place breakout orders or continue to follow the trend after the breakout. A strong rally after the U.S. market session tends to persist until the end of the day's trading. For example, after gold broke through 3,200 last Thursday, it continued to rise until the end of the day's session. This morning, focus on the support level near 3,275-78 from the early morning session.
Today, go long on gold again in the 3,300-3,310 decline zone. For the downside, monitor the support at the previous resistance level around 3,290. On the upside, gold is expected to challenge the 3,340-60 USD range, with the potential to test the extreme level of 3,400 USD!
XAUUSD BUY@3300-3310
SL:3290
TP1:3340
TP2:3360
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