XAUUSD is trading in a narrowing triangle pattern. The short-term trend has failed to break through the support level of 2645 in multiple attempts and is showing signs of a potential rebound.
You can wait for a BUY signal based on my view or wait for a breakout from the triangle pattern and a close above 2659. When that happens, we can look to buy at 2569 or 2655, with a stop-loss of 5 points for each level. Our target will be to reach back to the 2670 level.
Good luck! Follow me