XAUUSD

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XAUUSD

On the ounce gold side, our $1980 imbalance target was also achieved. However, the price could not hold on to the area. With the dollar index gaining strength, precious metals were also exposed to selling. This time, the price violated the red EMA50 average. It seems likely that the decline towards the 1937-1945 area will continue. Support: 1945 - 1937 Resistance: 1962 - 1967 - 1980