Possibility of uptrend

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Possibility of uptrend XAU/USD Spot - GoldFX:XAUUSDSTPFOREXGiven the price congestion at the current support level, there is a possibility of a triangle pattern forming. Consequently, an upward trend is expected to emerge upon the breakout of the resistance trendline. Subsequently, a break above the resistance zone would likely lead to a continuation of the bullish trend.