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Gold XAU/USD Analysis:-
Gold trades with additional positivity towards our awaited extended target of 2300.00$. Moving inside the bullish channel supports the chances of further gains on the longer-term basis.
The next bullish target is expected to reach 2320.00$. The bullish trend scenario is supported by the EMA50.
Alternatively, settling below 2260.00$ may halt the bullish rally, and test 2205.70$ areas before any new bullish attempt.
Disclaimer! All sharing is for learning and educational purposes only and is not a financial advice. Everyone is responsible for his own decisions. However, risk management should be your top priority, as trading is a risky business.
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