Currently, gold (XAUUSD) continues to show an upward trend, supported by several technical factors indicating sustained bullish momentum in the market.
Factors Supporting Gold’s Uptrend
1️⃣ Rejection of Decline – Candlestick patterns indicate strong buying interest, preventing a deeper price drop.
2️⃣ Sustained Uptrend – The price remains in an upward trajectory, suggesting the continuation of bullish movement.
3️⃣ Formation of Swing Low – The recent swing low serves as a solid support, reinforcing potential price increases.
With these signals, traders may consider buying opportunities while implementing proper risk management to anticipate potential market shifts.
Trade Recommendation
Buy Entry : 2796
Stop Loss : 2802
Take Profit : 2808
Take Profit (2) : 2790
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