Rockersgeng

XAUUSD ANALYSIS 29.02.2024

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
1) Gold has successfully broken the upper trendline, indicating a potential continuation of the uptrend.

2) My strategy is to focus on buying.

3) Remember the term "BREAKOUT - PULLBACK - ENTRY."

4) Now that the price has broken, we need to wait for a pullback before entering.

5) The boxed area marked is suitable for buying because it aligns with the trendline and also support and resistance levels (SnR).

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