GOLD new bullish momentum

XAUUSD
Hello traders,
Today, we observed significant downward wicks in the price action, indicating a strong presence of buyers in the market. This suggests a potential opportunity for long trades in the upcoming sessions, both tomorrow and next week. Additionally, the daily candle closed above the Fibonacci retracement level of 61.80%, providing further confirmation to trade in the upside direction.

However, it's important to remain cautious of any news regarding the dollar, as such developments can swiftly alter the market's direction.
Chart PatternsGoldLONGTrend Analysis

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