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

XAU/USD approaching support of a Triangle
XAU/USD was identified at around 2170.79 having recently rebounded of the resistance on the 30 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 2163.7780 level.

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