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XAU/USD (Gold) - H1 Chart - Channel Breakout (12.02.2025)

4653
The XAU/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.

Target Levels:
1st Support – 2835
2nd Support – 2797

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