XAU/USD is currently shaping a rising wedge pattern, indicating a strong potential for an upward trend. Starting from 2839, this movement is likely to continue, with a target around 2896. The uptrend is expected to initiate at 2850, aiming first for a target of 2823. This presents a compelling opportunity for traders looking to capitalize on the bullish...
The reversal zone for XAUUSD is identified between 2704-2701 or 2697-2696, with a stop loss set at 2691 and take profit targets at 2708, 2712, and 2720.