If XAU / USD resumes the downward trend, then the first signal for selling the pair will be a breakdown of the short-term support level 1774.00 (see "Fundamental Analysis and Recommendations")
Breakdown of important short-term support levels 1757.00, 1765.00 will confirm the downside scenario.
Support levels: 1774.00, 1765.00, 1757.00, 1700.00, 1685.00, 1615.00, 1560.00
Resistance levels: 1793.00, 1797.00, 1800.00, 1852.00, 1874.00, 1963.00, 1976.00
Trading recommendations
Sell Stop 1772.00. Stop-Loss 1803.00. Take-Profit 1765.00, 1757.00, 1700.00, 1685.00, 1615.00, 1560.00
Buy Stop 1803.00. Stop-Loss 1772.00. Take-Profit 1852.00, 1874.00, 1963.00, 1976.00, 2010.00, 2075.00
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**) XAU/USD: Current Fundamental Analysis and Market Expectations
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