VasilyTrader

GOLD (XAUUSD): Important Resistance Ahead! 🥇

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Gold suddenly bounced on Friday.
The market closed, approaching a significant zone of supply.

The underlined blue area on the chart is based on a falling trend line
and a horizontal resistance.

From that zone, a bearish movement will be expected at least to 1908 support.

Alternatively, a bullish breakout of the underlined zone may trigger a strong bullish wave.

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