XAUUSD Forex Analysis for Today, Wednesday (3-1-2024)
Alert! Inverse HNS Pattern Indicates the Rise of XAUUSD
XAUUSD Analysis – There is a potential reversal in XAUUSD. On the H1 timeframe chart, an inverse head and shoulder pattern has formed, supporting the rise of XAUUSD.
Today’s Trading Strategy:
- BUY at Area 2052.2700
Target: 2045.4200 - Alternatives:
SELL STOP 2072.1400
Target: 2085.1600
Resistance
- R1 2072.1400
- R2 2085.1600
Support
- S1 2052.2700
- S2 2045.4200
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