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Gold Spot / U.S. Dollar
Long

GOLD (XAUUSD): Structure Analysis & Key Levels to Watch🥇

By VasilyTrader
Updated
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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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Note
Check my new analysis on GOLD:
GOLD (XAUUSD): Peculiar Zone to Watch 🥇
futuresGoldSilverSupply and DemandSupport and ResistanceTrend LinesXAG USD ( Silver / US Dollar)XAUUSD
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