It's crucial to understand where we are in the market cycles. Gold experienced a notable surge a month ago, resulting in a price spike. Currently, the XAUUSD price is following an ascending channel, presenting a favorable buying opportunity. This trend resembles the movements we observed in gold in March and May, as illustrated in the image.
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📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
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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.