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XAUUSD Update 🔥
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Sell #XAUUSD #GOLD 2318 - 2320
TP 2315
TP 2312
TP 2309
TP 2306
TP 2303
TP 2300
SL 2335
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Gold price resumed its positive trading yesterday to reach our first awaited target at 2393.00$, waiting to surpass this level to open the way to rally towards our next main target that reaches 2510.00$ areas.
The EMA50 continues to support the suggested bullish wave, waiting to gather new positive momentum that assist to push the price to continue the expected rise, noting that breaking 2325.90$ will stop the bullish trend and push the price to achieve additional bearish correction that its next target reaches 2260.60$.
Expected Outcome
The expected trading range for today is between 2370.00$ support and 2410.00$ resistance.
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Market Opening Singles
#XAUUSD BUY @ 2354
SL *2336*
TP¹ 2360
TP² 2365
TP³ 2370
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Bearish Correction
Gold price experienced a sharp downward bounce on Friday evening, losing nearly $100 and reaching $2333.80.
This decline marked a bearish correction from the $1984.16 areas, with the price halting near the 23.6% Fibonacci correction level.
Currently, the price is showing positive trades, suggesting a potential resumption of the main bullish trend.
Expected Scenarios
Expectations include witnessing further positive trades, with initial targets set at surpassing $2393.00, potentially reaching $2510.00 as the next main station.
Breaking below $2325.90 would halt the expected rise, potentially leading to additional bearish correction with a target of $2260.60.
Trading Range
The expected trading range for today is between support at $2345.00 and resistance at $2390.00.
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𝟏𝟎𝟎$ 𝑫𝒂𝒊𝒍𝒚 𝑷𝒓𝒐𝒇𝒊𝒕 𝟏𝟎𝟎$
𝟐𝟎𝟎$ 𝑫𝒂𝒊𝒍𝒚 𝑷𝒓𝒐𝒇𝒊𝒕 𝟐𝟎𝟎$
𝟑𝟎𝟎$ 𝑫𝒂𝒊𝒍𝒚 𝑷𝒓𝒐𝒇𝒊𝒕 𝟑𝟎𝟎$
𝟓𝟎𝟎$ 𝑫𝒂𝒊𝒍𝒚 𝑷𝒓𝒐𝒇𝒊𝒕 𝟓𝟎𝟎$
𝟔𝟎𝟎$ 𝑫𝒂𝒊𝒍𝒚 𝑷𝒓𝒐𝒇𝒊𝒕 𝟔𝟎𝟎$
𝟕𝟎𝟎$ 𝑫𝒂𝒊𝒍𝒚 𝑷𝒓𝒐𝒇𝒊𝒕 𝟕𝟎𝟎$
𝟖𝟎𝟎$ 𝑫𝒂𝒊𝒍𝒚 𝑷𝒓𝒐𝒇𝒊𝒕 𝟖𝟎𝟎$
𝟗𝟎𝟎$ 𝑫𝒂𝒊𝒍𝒚 𝑷𝒓𝒐𝒇𝒊𝒕 𝟗𝟎𝟎$
𝟏𝟎𝟎𝟎$ 𝑫𝒂𝒊𝒍𝒚 𝑷𝒓𝒐𝒇𝒊𝒕 𝟏𝟎𝟎𝟎$.
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اختر خطة مختلفة
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