XAUUSD Potential Up Trend Continuation

Oct 7

With no high-impact news today, the market is likely to stay in sideways movement until tomorrow. However, sudden developments from the Middle East could introduce volatility, especially for gold. Currently, the market appears choppy, forming a triangle pattern. If the price moves below Friday's low, the triangle may evolve into a bullish flag pattern. Despite the sideways action, the market continues to show bullish signals from both technical and fundamental perspectives. The mid-term target is the resistance zone around 2685

Oct 16

Trade closed: target reached

XAUUSD Target reached!

The price increased close to 40 USD since the analysis was published