XAUUSD action with a potential bullish patternXAUUSD action with a potential bullish pattern. If the price drops from the current level of 2799 and reaches the 2790 support zone, it could be setting up for a pullback towards the resistance zone around 2720 and 2735 (the second support). This could indicate a possible reversal if the price holds above the support levels and then pushes back towards resistance or even breaks higher.
What’s your overall outlook on gold in the near-term? Are you expecting
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