On the weekly chart, XAUUSD formed an insidebar and broke upward, and the current bullish trend is obvious. The current effective support below is around 2930. If it does not break through the retracement, it is expected to continue to rise. Pay attention to the 3000 US dollar mark during the day, and after breaking through, it will go to the 3020-3050 area.
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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.