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YourLazyTrader

Two important levels for buying Gold.

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
YourLazyTrader  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis XAUUSD xausdlong xauusdbuy xauusdupdates xauusdanalysis Gold goldtrading goldidea
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trendanalysis chartpattern beyondta xauusd xausdlong xauusdbuy xauusdupdates xauusdanalysis gold goldtrading goldidea
Gold is currently consolidating the gains and in the process, the price has pulled back a bit. I don't think this is a reversal. As per my analysis, this could be a small correction due to profit-taking.

So, 1980 and 2005 could be the levels from where Gold will resume the uptrend again. I would be looking to buy the dips and target the 2100 level as my TP.

I have highlighted the possible buy zones in my chart.

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