On the 1-hour chart, XAUUSD is currently trading at a high level, with a bullish trend prevailing. Currently, watch for support near 3717.4. Once this level is reached, watch for a potential bullish bat pattern formation, as this level is within the previous demand zone. If the price breaks through resistance near 3760, it will head towards 3800.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.