GOLD OUTLOOK
The market outlook for XAU/USD appears to be cautiously bullish with potential for a pullback. Traders should watch the resistance levels around 2393.1 and 2399.0 closely. Observing price action in these zones on a smaller timeframe could provide more precise entry and exit points. If the price breaks above these resistance levels with strong momentum, it could target the higher Fibonacci levels at 2406.218 and potentially 2443.773. Conversely, failure to break these levels might result in a pullback to lower support areas.
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