XAUUSD: New Day Trading Strategy!
Currently, XAUUSD is hovering around the 2662 USD mark, and it seems that the price has remained relatively stable over the past few days. On the other hand, the resistance level at 2670 is acting as a significant barrier to upward momentum. Interestingly, XAUUSD is forming a green candlestick right above the parallel wedge.
If this candle closes above the wedge, we could fully expect a strong breakout, aiming for new profit targets. Additionally, the positive signals from the EMA 34 and 89 are reinforcing this view, indicating a clear upward trend.
Investors might consider opening BUY positions on shorter timeframes, once the price confirms a breakout from the current range, provided that the support level around 2654 USD holds firm.
If this candle closes above the wedge, we could fully expect a strong breakout, aiming for new profit targets. Additionally, the positive signals from the EMA 34 and 89 are reinforcing this view, indicating a clear upward trend.
Investors might consider opening BUY positions on shorter timeframes, once the price confirms a breakout from the current range, provided that the support level around 2654 USD holds firm.
✅Free trading signals here:
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👉 t.me/+TNpn2UzzCR42MTBl
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