Past performance is not an indicator of future results.
XAUUSD has broken through a support line of a Rectangle and suggests a possible movement to 1476.4434 within the next 8 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 23 hours.
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