XAUUSD continues its short-term uptrend

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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.

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Xau XAUUSD broke down the triangle pattern below, we temporarily close the BUY signal. Wait for the price to break and close below 2643, I will update the SELL position again. Good luck.
Chart PatternsSupport and ResistanceTrend Analysis

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