The XAU/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming Days.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 3425
2nd Resistance – 3451
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Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 3425
2nd Resistance – 3451
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
PlacedNote
U.S. attack on Iranian nuclear sites, Investors might quickly sell stocks due to fears of increased geopolitical tensions and potential economic instability. At the same time, they may buy "safe-haven" assets, such as gold or government bonds, which are considered more stable during uncertain times.Note
News Updates : 📣📣1. Michelle Bowman, a Federal Reserve official, suggested that the U.S. might need to lower interest rates soon. Dollar Fall.
2. The Tensions between Iran and Israel created uncertainty in the market. Gold is often seen as a "safe haven" Investment.
Order cancelled
Complete Ceasefire between Israel and Iran by U.S. President Donald Trump indicates that both nations have agreed to halt military actions against each other. This decision aims to stop the violence and reduce tensions in the region.
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👉👉 Join My Free Telegram Channel :
✳️ Forex Technical Charts : telegram.me/kabhifx
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📞📞Telegram me @t.me/kabhidhan
Related publications
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.