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XAUUSD Pullback Before Continuation?

From dailypriceaction.com

Today I’m going to show you exactly how I’m trading XAUUSD. XAUUSD is testing $1,980 resistance this week and signaling a pullback. In today’s video, I discuss key levels to watch for gold, including a range trade and target for later this year. XAUUSD tested $1,980 this week after bouncing from $1,900 and breaking above $1,940. I discussed both scenarios on this website. But given the significance of $1,980, I do expect a pullback from gold. The big wildcard with that statement is where the US Dollar Index (DXY) is trading today at the 100.80 resistance level. Gold and the dollar share an inverse relationship, so ... (full story)

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  • Category: Technical Analysis