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XAU/USD: Long-Term Bullish Outlook Despite Near-Term Decline

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello Everyone,

The long-term outlook for XAU/USD suggests it remains a favorable buy. As expected, there has been a recent downturn in price. If the daily support level fails to hold, we may observe further declines. Despite this, the overall sentiment remains bullish for XAU/USD. Notably, there appears to be strong support around the 2300 mark at present.


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