FX:XAUUSD   Gold Spot / U.S. Dollar

Gold is still within an ascending channel however after testing the bottom of the channel price is moving sideways and is failing to break market structure to the upside.

For further movement up we need a daily close above 1898.

1875 is a key level, this needs to hold to contain price within ascending channel . Break and close below 1875 will open 1840.


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