GOLD (XAUUSD): Key Levels to Watch๐Ÿฅ‡

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With yesterday's bearish breakout of multiple key levels,
our directional bias on Gold is very bearish.

Here are the key levels to watch for trading opportunities:

  • Resistance 1 - 1750.0
    Closest key resistance.
    The price perfectly respected that retesting it on intraday time frames.

  • Resistance 2 - 1789.0 - 1796.0
    The second strong resistance cluster.
    This time represented as an area.

  • Resistance 3 - 1831.0 - 1835.0
    The third major supply area.

  • Support 1 - 1675 - 1680
    Closest key support based on a recent major rejection
    and year's low.


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Check my new analysis on EURUSD:
EURUSD: Year's Low & Pullback ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ
futuresGoldPivot PointsSilverSupply and DemandSupport and ResistanceXAG USD ( Silver / US Dollar)XAUUSD

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