FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Bullish momentum and bullish candlestick formation on daily. The $1216-17 region might continue to act as an immediate resistance, above which the positive momentum could get extended towards $1221-22 supply zone . On the flip side, the $1209-07 region now becomes an immediate support to defend, which if broken might turn the commodity vulnerable to slide back below the $1200 psychological mark and retest $1197-95 horizontal support.
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