XAU/USD LONG

13 Ağu

The chart indicates a bullish trend for Gold (XAU/USD), with the price moving within an ascending channel. The price has recently broken above a resistance level, which has now turned into a support zone, suggesting a potential continuation of the upward trend. A buy position could be considered around the current price level of $2,465.05, targeting the three take-profit levels (TP1: $2,488.65, TP2: $2,507.66, and TP3: $2,526.93). Ensure to place a stop-loss just below the support level to manage risk.