Bullish on XAUUSD
Following a brief period of downward pressure, my outlook for XAUUSD is decidedly bullish, driven by the identification of a Butterfly harmonic pattern on the chart, which suggests a strong potential reversal and continuation to the upside. This technical setup aligns with broader market dynamics, including ongoing macroeconomic factors such as inflationary pressures and potential weakening of the US dollar, which could further support gold’s upward trajectory.
TP1 2909
TP2 2920
TP3 2944
SL 2877
TP1 2909
TP2 2920
TP3 2944
SL 2877
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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.