XAUUSD Set for Breakout: Key Levels from $2351 to $2450
- The symmetrical triangle chart pattern for XAUUSD shows both the downtrendline and uptrend losing momentum, indicating a high likelihood of a new trend emerging.
- An uptrendline drawn from $2351.05 rejected the price at $2375.16 after a retracement from $2394.03, continuing the uptrend to $2450.43 before retracing to the current price of $2419.54.
- A downtrendline drawn from $2450.43 rejected the price at $2434.00 after retracing from $2405.70, with the downtrend continuing to the current price of $2419.54.
- If the downtrendline breaks to the downside, there is a high probability of further price decline.
- If the uptrendline breaks to the upside, there is a high probability of further price increase.
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350).
- An uptrendline drawn from $2351.05 rejected the price at $2375.16 after a retracement from $2394.03, continuing the uptrend to $2450.43 before retracing to the current price of $2419.54.
- A downtrendline drawn from $2450.43 rejected the price at $2434.00 after retracing from $2405.70, with the downtrend continuing to the current price of $2419.54.
- If the downtrendline breaks to the downside, there is a high probability of further price decline.
- If the uptrendline breaks to the upside, there is a high probability of further price increase.
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350).