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.

Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.

Best Regards, KABHI FOREX TRADING
Thank you.

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Giao dịch đang hoạt động

Take entry now

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Ghi chú

Now running with good profit

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Đóng lệnh: đạt mục tiêu

Now closed manually with Good profit

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Ghi chú

New Chart Pattern formed :