XAUUSD has been trading in a bullish trend within the last day. The support level is now located at 2030.00.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a Take Profit at the nearest resistance level. In case the breakout is confirmed, analysts suggest opening a Sell order.
The resistance level is now located at 2046.00 - 2065.00
The U.S. Nonfarm Payroll report will be released in a few hours and could affect this trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.