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TheActveTrader
May 20, 2021 11:29 AM

GOLD (XAU/USD) Testing a Key Resistance Level. 

GoldOANDA

Description

Price is currently testing the $1,870/oz area which is a key resistance (Channel resistance from Aug '20 & horizontal resistance). Yesterday's candlestick (Wednesday) printed a Doji or indecisive candlestick and a break above that level will lead price for further upside. Price is also trading above 200 Moving Average.
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