Gold (Xau/Usd) Triangle in H1

3 Tem

The XAU/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.

Possible Long Trade:

Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2331

Target Levels:
1st Resistance – 2358
2nd Resistance – 2378

Stop-Loss: To manage risk, place a stop-loss order below 2317.50. This helps limit potential losses if the price falls back unexpectedly.

Thank you

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