CHARTVIPER

XAU/USD – approaching a support line that has been previously tested at least twice in the past

A potential bearish movement on XAU/USD
XAU/USD was identified at around 2595.22 having recently rebounded of the resistance on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2589.4567 level.

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