GOLD (XAUUSD): Confirmed Bullish Continuation

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Gold is currently experiencing a strong upward trend in trading. Following a recent all-time high, the market started a correctional movement.

The price respected the strong support level at the 3000 psychological level, leading to a bullish wave that broke above a neckline of a cup and handle pattern acting as a local horizontal resistance.

This is expected to lead to further bullish movement, with the next target set at 3046.

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