XAUUSD BUY PROJECTION AFTER CONSOLIDATION 02.04.23

Reason Behind Bullish

Technicals

1. Bullish Engulfing Candle Stick Pattern Confirm Further upward Movement

2. Triangle Ascending Pattern tends to breakout @ 2000

3. Levels S1 1950 S2 1920 R1 2000 R2 2074

Fundamendal

Dxy While retest 104 the XAUUSD reach 1945

After rejection of 104 further Move towards 101 which helps to reach Target

Overall Possible Outcomes

XAUUSD BUY@ 1945-1950

SL 1920

TP 2074

Break Zone - 2000

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