XAUUSD Gold Intraday Overview And Trade Opportunities

XAUUSD Gold Intraday Overview And Trade Opportunities

We have sold Gold yesterday after better than expected US CPI data. Tariffs Delay added weight on safe-haven assets and we have reached our targets.

As seen on the M15 Chart, XAUUSD is stuck and consolidating in a rectangle. It is in a “No Trade Zone”

Technical Levels:

1505.56 AB=CD retracements.

1494 Lower Line of the Rectangle

Trade Opportunites:

Short the bearish breakout of the rectangle at 1494 -1493. Targets: 1487 1481 Ultimate Target: 1469

Long the bullish breakout of the rectangle at 1506. Targets: 1512 1515 1521

Update: Long Trade Reached the targets

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

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