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Bullish wedge on XAU/USD

Note: This section contains information in English only.
Source: Dukascopy Bank SA
A bullish wedge pattern may be confirmed on the daily gold chart. Confirmation and a breakout of the pattern could lead to further price movement towards the resistance level of 2800.00.



More consolidation may be possible in the short term, potentially leading to a longer validation period for the pattern and directional confirmation.

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