XAUUSD Forecast: Bullish Momentum Eyes Breakout Towards $2220
In general, XAUUSD is encountering difficulty surpassing the resistance level of $2220. However, it remains stable within an ascending channel. Moreover, upon closer observation, a cup and handle pattern is gradually forming. Based on these factors, my expectation is for a breakthrough above the resistance level, aiming for the medium-term target of $2220.
In the short term, XAUUSD will continue to face challenges from psychological resistance levels. It is anticipated to retrace after reaching the upper limit of this upward channel.
I predict that XAUUSD may undergo further adjustments around the support zone to accumulate potential before further growth. Reviewing the resistance level will indicate the coin's readiness to surpass this area and continue its upward movement. Prices are expected to surge towards the ultimate target of $2220, as forecasted.
In the short term, XAUUSD will continue to face challenges from psychological resistance levels. It is anticipated to retrace after reaching the upper limit of this upward channel.
I predict that XAUUSD may undergo further adjustments around the support zone to accumulate potential before further growth. Reviewing the resistance level will indicate the coin's readiness to surpass this area and continue its upward movement. Prices are expected to surge towards the ultimate target of $2220, as forecasted.
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We should wait a few more bullish candles and then close 50% of the volume
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follow a few more candles and close 30-50%
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I think we can lock in 80-90% of the volume
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I think we should close 90% of the position.
