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"XAUUSD Rising Channel with Breakout Potential"

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This chart represents a rising channel pattern for XAUUSD on a lower timeframe. Key details include:

1. Ascending Channel: The price is consistently moving within the defined upward-sloping parallel trendlines.


2. Breakout Zone: The target level appears to be around 2,781.139, where the price may potentially break above the channel.


3. Current Price: XAUUSD is trading at approximately 2,754.565, slightly below the upper boundary of the channel.


4. Bullish Momentum: The trend indicates strong buying pressure, suggesting a potential continuation toward the resistance level.



This setup highlights a bullish bias, with a breakout confirmation necessary to sustain the upward trend.
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target hit

Feragatname

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