LimitMarkets

1470 will be decisive in XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar
We're following the selling pressure in XAUUSD. With the recovery in the dollar index, the downward trend in Gold will continue and 1470 area will be the support in order to maintain the current selling pressure. If the retreat reaches the bottom of this area, we will closely follow 1462 level. In possible upward movements, on the other hand, 1479 and 1483 will be our resistance levels.

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