XAUUSD

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XAUUSD

On the ounce gold side, the upper level we pointed out was roughly $2050. Yesterday, the $2049 level was tested after the PPI and this target was achieved. Although the direction is still upward in the upper periods, there is a possibility that the price will enter a stagnation/correction phase. Support: 2032 – 2022 - 2007 Resistance: 2050