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  • Vasily Trader

GOLD (XAUUSD): Key Levels to Watch



With yesterday's bearish breakout of multiple key levels,

our directional bias on Goldis very bearish .


Here are the key levels to watch for trading opportunities:


  • Resistance 1 - 1750.0 Closest key resistance. The price perfectly respected that retesting it on intraday time frames.

  • Resistance 2 - 1789.0 - 1796.0 The second strong resistance cluster. This time represented as an area.

  • Resistance 3 - 1831.0 - 1835.0 The third major supply area.

  • Support 1 - 1675 - 1680 Closest key support based on a recent major rejection and year's low.


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