XAUUSD LONG

XAUUSD is currently resting the strong support of 1321 price zone. A possible bounce is expected to take the price action back to 1355 resistance zone. A break below the current level will take the price down to 1307. The odds of that happening depends on the strength of the Dollar if it can sustain the past few days bullish momentum.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsHarmonic PatternsTrend Analysis

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