XAU/USD (Gold) Wedge Breakout

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The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the upside in the coming Hours.

Key Points:

Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2678
2nd Support – 2692

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