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  • Vasily Trader

GOLD (XAUUSD): Important Breakout & What is Next



Hey traders,


It turned out that Gold managed to break and close above a major daily key level.

The violation was confirmed by a high momentum bullish candle.


Now in order to buy safely, monitor the contracting area between a major rising trend line

& 1809 - 1834 horizontal demand zone .

Wait for an occasional retest of that zone and look for a confirmation to buy.


Next goal for buyers is 1900 - 1916 supply area.

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