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  • Vasily Trader

GOLD (XAUUSD): Structure Analysis & Key Levels to Watch



Hey traders,


Here are the key levels to be focused on trading Gold:


Resistance 1:

1827 - 1837 zone based on July's highs.

For now, it is the closest resistance and the goal for buyers.


Resistance 2:

1908 - 1918 zone is based on summer's high.


Support 1:

Recently broken major trend line .

Being a strong resistance previously, it turned into support now.


Support 2:

1677 summer's low.

Consider these levels/areas for pullback/trend following trading.

Let the price reach them first and then look for confirmation on lower time frames to buy/sell




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