Gold (XAU/USD) is currently showing signs of upward movement. The bullish bias is supported by the rising price structure, indicating sustained buying momentum in the market.
Further confirmation comes from the formation of a double bottom pattern, a classic bullish reversal signal, along with the presence of a swing low, which suggests the possibility of a continued uptrend in the near term.
As long as the price holds above key support, the bullish outlook remains intact.
Recommendation:
- Buy XAU/USD
- Entry: 3292
- Take Profit 1: 3298
- Take Profit 2: 3304
- Stop Loss: 3286
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