XAUUSD

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XAUUSD

On the ounce gold side, our 1959 drop target has arrived. The lower side has also been tested. A 4-hour order block price seems to have held. It can be observed that the price respects the red EMA50 average. In case of a closing below this average, we will switch to a downward expectation. Support: 1958 – 1945 - Resistance: 1969 - 1980