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July 18, 2025

Trade ideas

XAUUSD: Critical Point

XAUUSD, H4

XAUUSDH4.png

On the H4, XAUUSD formed a descending channel pattern after a retest from the global trendline. The price has reached the MA200, and Momentum is pointing to the beginning of the upside.

  • A break of the trendline above 3345 will open the way to 3370;
  • A bounce from the trendline will drop Gold to 3315.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Egor Schmidt

Author: Egor Schmidt

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