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FxWirePro- Gold Trade Idea 
UniswapX Protocol is a non-custodial Dutch auction-based trading protocol implemented for the Ethereum Virtual Machine. UniswapX aggregates both on-chain and off-chain liquidity, internalizes MEV in the form of price improvement, offers gas-free swaps, and can be extended to support cross-chain trading.
Recent news-
Uniswap Labs revenue saw a significant boost reaching $52.75 million from Apr to September 2024. The increase in revenue was mainly due to a rise in fees by 0.25% on direct swaps via the Uniswap interface.
UNIUSD was one of the best performer in this week
Any daily close above $17 confirms further bullishness.
UNIUSD showed a massive jump of more than 9% today. The pair holds well above the short-term (34 and 55 EMA) and long-term moving average. It hit a low of $7.70 and is currently trading around $7.69.
The bullish invalidation can happen if the pair closes below $5.80. On the lower side, the near-term support is $7. Any break below targets $6.38/$5.80.
The immediate resistance stands at around $8. Any breach above confirms a minor pullback. A jump to $12/$14/$17/$20 is possible. A surge past $20 will take it to $25/$30.
It is good to buy on dips around $7 with SL around $5.80 for TP of $14.GOLD
