JinDao_Tai

XAUUSD Outlook 11 April 2023

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is back at the key level of 2000 the round number major resistance, which now aligns with the 38.20% fib retracement level.

Anticipating further weakness in the DXY, this could see Gold climb higher, breaking above the resistance level, and continuing with the overall uptrend.

A break of the resistance could see the price climb to retest the previous high of 2031.60

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