If the XAUUSD market rises and touches the level of 2621, it indicates a strong signal to enter a long position, anticipating further upward movement. Conversely, if the market drops and reaches the level of 2609, it serves as a confirmation to initiate a sell position, suggesting potential downward momentum.
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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.