On the daily time frame, XAUUSD remains within an upward movement structure. The current price action indicates the formation of a new primary trend with the potential to move toward the Fibonacci 161.8 level as the target price for this upward movement.
Traders are advised to closely monitor price action for confirmation and potential entry points that align with this bullish trend.
Trade Recommendation
Sell Entry : 2650
Stop Loss : 2632
Take Profit : 2696
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