Seeking Further BUY on XAUUSD: Potential Ascending Triangle Formation, Possible to Break ATH! ~ 90% Rebate Exness Everyday

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Seeking Further BUY on XAUUSD: Potential Ascending Triangle Formation, Possible to Break ATH!

XAUUSD Analysis

Weakened US Economic Growth Report

The latest Q3 economic growth report from the US fell short of expectations, causing a slight USD weakening that continues to support gold’s rally towards an all-time high. Additionally, the uncertainty ahead of the US elections and ongoing conflicts in the Middle East add to the momentum.

Potential Ascending Triangle

Gold prices are forming a potential ascending triangle pattern on the H1 time frame. A BUY opportunity exists, targeting a pullback first before a potential breakout from the ascending triangle.

Prediction: STRONG XAUUSD

Trade Plan:

BUY Area: 2778.34 - 2784.08
Stop Loss (SL): 2770.58
Take Profit (TP1): 2791.33
Take Profit (TP2): 2799.94
Take Profit (TP3): 2809.89

Algeria ● Angola ● Antigua and Barbuda ● Argentina ● Armenia ● Aruba ● Azerbaijan ● Bahrain ● Bangladesh ● Belize ● Benin ● Bhutan ● Bolivia ● Botswana ● Brazil ● Brunei ● Burkina Faso ● Burundi ● Cambodia ● Cameroon ● Cape Verde ● Chad ● Chile ● China ● Colombia ● Comoros ● Costa Rica ● Djibouti ● Dominica ● Dominican Republic ● East Timor ● Ecuador ● Egypt ● El Salvador ● Equatorial Guinea ● Eritrea ● Ethiopia ● Gabon ● Gambia ● Georgia ● Ghana ● Grenada ● Guatemala ● Guernsey ● Guinea ● GuineaBissau ● Guyana ● Honduras ● Hong Kong ● India ● Indonesia ● Isle of Man ● Jamaica ● Japan ● Jersey ● Jordan ● Kazakhstan ● Kenya ● Kuwait ● Kyrgyzstan ● Laos ● Lebanon ● Lesotho ● Liberia ● Libya ● Macau ● Madagascar ● Malawi ● Maldives ● Mauritania ● Mexico ● Moldova ● Mongolia ● Montenegro ● Montserrat ● Morocco ● Mozambique ● Namibia ● Nauru ● Nepal ● Niger ● Nigeria ● Oman ● Pakistan ● Panama ● Papua New Guinea ● Paraguay ● Peru ● Philippines ● Qatar ● Republic of the Congo ● Rwanda ● Saint Kitts and Nevis ● Saint Lucia ● Sao Tome and Principe ● Saudi Arabia ● Senegal ● Serbia ● Sierra Leone ● Solomon Islands ● South Africa ● Sri Lanka ● Suriname ● Swaziland ● Taiwan ● Tajikistan ● Tanzania ● Thailand ● Togo ● Tonga ● Trinidad and Tobago ● Tunisia ● Turkey ● Turkmenistan ● Uganda ● United Arab Emirates ● Uzbekistan ● Venezuela ● Vietnam ● Zambia ● Zimbabwe