The mid-term outlook for XAUUSD

General outlook

XAUUSD has been trading in a sideways market from 23 March. Now, the price displays the Triangle pattern.

If the price rebounds from the upper border or confirms a breakout of the lower border of the Triangle pattern, analysts recommend opening a Sell order.

Disclaimer

This market analysis focuses on mid-term trends, relevant for up to two weeks. Short-term movements may vary, and other analyses might suggest a different direction. Always consider your timeframe before making trading decisions.

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XAU
XAUUSDT
4,554.77
+0.43%