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  • Vasily Trader

GOLD (XAUUSD) Price Action & Bullish Outlook (forecast)



After a sharp bearish move last week, 🟢gold leaves important reversal clues now.


On a daily the price is trading within a strong support cluster

and on hourly, with a sequence of higher lows, the price has formed a classic ascending triangle formation.


With 4h/1h candle close above its resistance, the breakout is confirmed now and bullish continuation is expected.


Targets:

1875

1890


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