GOLD (XAUUSD) Key Points to Watch
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Bullish rally continues on gold.
The market is currently trading within a rising parallel channel.
Here are the main key levels to watch:
- The closest support is based on a support line of a channel
and the confluence with a major daily underlined horizontal support - The closest resistance is based on the resistance of the channel
- The next major resistance is 1815 daily structure cluster
Key levels serve as save points to trade from.
While the price is within, it is better to stay away.
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