GOLD (XAUUSD): Key Support Ahead 🥇
Analyzing a weekly time frame, we can spot a perfect horizontal trading range on Gold.
This year, we saw a perfect bearish reaction from its resistance,
the market started to fall sharply, and now it is closer and closer to the lower boundary of the range.
On focus is 1610 - 1686 demand zone.
From the underlined green area, I will expect a bullish movement.
Wait for a confirmation on lower time frames before you buy!
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註釋
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