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#GOLD#XAUUSD
๐ฅ Gold's breaking out of a multi-week consolidation with a +10%+ rally off the yearly lows.
โ๏ธ Resistance
โ๏ธ4,370 โ 4,380, 4,400-4,422
๐ฎSupport
๐ 4,300 โ 4,320& 4,275 โ 4,250
๐ค The breakout structure remains intact as long as price holds above 4,175โ4,200$. After such a strong impulse, a pullback or consolidation early in the week is normal and healthy.
๐ง Best long setups would come on dips into the 4,300โ4,250 zone with bullish reaction.
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#GOLD#XAUUSD
Now the key resistance lies at 4114$- which broken will extend further for the 4133$.
The failure to break the resistance will dip down again for fbe 4090$-80$.
The recommendations are to buy at every dip
#GOLD#XAUUSD
The gold has dipped down exactly from from 4114$ for the 4090$-85$ and missed the 4080$.
Moreover now the support level is at 4080$ which sustains will be at 4120$-33$.
Whereas the fails to sustain the support level will dip down for the 4060$-50$
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#GOLD#XAUUSD
Gold has tested the 4165$, and the call for the sell for the 4130$ which about to marked.
The support lies at the 4124$, the fall of this will go for the strongest support at 4104$ and the 4078$.
#GOLD#XAUUSD ๐
The current analysis indicates a primary resistance level at $4,140. The prevailing framework suggests a bullish trajectory, with potential extension towards the $4,160โ$4,170 range.