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Trendline Breakout: XAUUSD on a Declining Path, Selling Opportunity Looms!
XAUUSD Analysis – There’s a potential reversal indication for XAUUSD. The H1 timeframe chart shows a successful breakout of the trendline. XAUUSD has potential for further decline today.
Today’s Trading Strategy:
- SELL in the Range 2068.00 – 2072.00
- Target: 2056.00 – 2048.00
- Alternatives:
- Consider BUY STOP @2080.00
- Target: 2088.00 – 2098.00
Resistance Levels:
- R1 2080.00
- R2 2088.00
- R3 2098.00
Support Levels:
- S1 2068.00
- S2 2072.00
- S3 2056.00
- S4 2048.00
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