GOLD (XAUUSD): Technical Outlook For Today🥇
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Quick update for Gold:
We have spotted earlier a major weekly structure resistance that the price is approaching at the moment.
Analyzing intraday time frame, we see that the market is steadily growing within a rising parallel channel.
While the price is staying within, the market remains bullish.
Bearish breakout of a support of the channel will trigger a correctional movement.
Bullish breakout of a weekly resistance will trigger a bullish continuation.
For now, the best strategy is to wait!
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