Buy Gold (Xau/Usd) Channel Breakout

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The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.

Key Points:

Buy Entry: Consider entering a Long position around the current price of 2394, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2470
2nd Support – 2500

Stop-Loss: To manage risk, place a stop-loss order below 2362. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

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交易开始
Take entry now
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Now running with good profit
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交易结束:到达目标
Now closed manually with Good profit
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New Chart Pattern formed :
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Chart PatternsDXYForexGoldgoldlongTechnical IndicatorsTrend AnalysisUSDDJ FXCM IndexXAUXAUUSDxauusdlong

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