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Gold Spot / U.S. Dollar
Long

GOLD (XAUUSD): Key Levels to Watch🥇

By VasilyTrader
Updated
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Hey traders,

After a sharp bearish move, Gold is consolidating.

Here are key levels for you to watch:

Support 1: 1780 - 1792 area
Support 2: 1752 - 1758 area

Resistance 1 is based on a confluence between a major rising trend line and 1850 - 1862 supply area.
Resistance 2: 1907 - 1920 area

Once one of the underlined key levels is reached, wait for a confirmation before you open a trade.

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Check my new idea on USDJPY:
USDJPY: Important Decision Ahead 🇺🇸🇯🇵
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