T3-Consultancy

XAUUSD M30: Bullish outlook seen, limited upside above 1909.50

Long
SAXO:XAUUSD   Gold Spot / U.S. Dollar
On the M30 time frame, prices are approaching the support zone at 1909.50, in line with the 61.8% Fibonacci retracement and extension levels, where a throwback to this zone could present an opportunity to play the bounce. Prices are holding above the Ichimoku cloud, supporting the bullish bias.
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