XAUUSD broke the ascending channel
XAUUSD moved within the ascending channel, which formed when the price touched the channel borders 7 times and has been valid since 4 February.
Current situation
XAUUSD broke the ascending channel.
Possible scenario
Analysts recommend opening a Sell order with a stop loss near the lower channel border.
We will publish our next post on price channels at 7:00 a.m. UTC on 16 March. Come back to discover more trading insights.
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