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Gold Spot / U.S. Dollar
Long

Buy XAUUSD (Gold) Bullish Flag

By KABHI_FOREX_TRADING
Updated
The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.

Key Points:

Buy Entry: Consider entering a Long position around the current price of 2660, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2681
2nd Support – 2696

Stop-Loss: To manage risk, place a stop-loss order below 2648. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

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Best Regards, KABHI FOREX TRADING
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Trade active
Take Entry now
Comment
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Trade closed: target reached
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Comment
Now price consolidation above resistance zone.
Chart PatternsFLAGfundamental-analysisGoldTechnical IndicatorssupportandresistancezonesTrend AnalysisUSDXAUXAUUSDxauusdanalysisxauusdlong
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