Gold Spot / U.S. Dollar
Long

XAUUSD H1 - Long Signal

142
XAUUSD H1

We bounced nicely yesterday from this indicated buy zone, offering as much as 3.5R. We have since come back down to this area of support. We could see some potential re-entries from this zone, with targets of 2325/oz, 2335/oz and then 2350/oz.

If support doesn't manage to hold this time round, we could expect to see the more major support price of 2285 see a test.

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