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GOLD (XAUUSD): Structure Analysis & Key Levels to WatchðŸĨ‡

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āļŠāđāļ™āļ›āļŠāļ­āļ•

Hey traders,

Here are the key levels to be focused on trading Gold:

  • Resistance 1:
    1827 - 1837 zone based on July's highs.
    For now, it is the closest resistance and the goal for buyers.
  • Resistance 2:
    1908 - 1918 zone is based on summer's high.
  • Support 1:
    Recently broken major trend line.
    Being a strong resistance previously, it turned into support now.
  • Support 2:
    1677 summer's low.

Consider these levels/areas for pullback/trend following trading.
Let the price reach them first and then look for confirmation on lower time frames to buy/sell

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āļšāļąāļ™āļ—āļķāļ
Check my new analysis on GOLD:
GOLD (XAUUSD): Peculiar Zone to Watch ðŸĨ‡

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