XAUUSD

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XAUUSD

Ounce gold has shown a rapid decline after breaking the 20-day average support at 2010 levels. The price has also broken the 50-day average support. The price reached the 50-day average target and closed below it, creating a second bearish signal. The decline is likely to continue this week. Support: 1931 Resistance: 1977- 1989 - 2007