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FinancialGamblR

Gold - Weekly Outlook at 2,035 Level

Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
FinancialGamblR  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Supply and Demand Candlestick Analysis Gold XAUUSD Forex trading analysis priceaction trend trendtrading
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supportandresistance supplyanddemand candlestick gold xauusd forex trading analysis priceaction trend trendtrading
Gold, or XAUUSD depending on which ticker you go by is playing around an interesting weekly level.

  • The 2,035 level has been touched four times since 2020.
  • August 2020: first touch and then sold off
  • July 2022: second touch and then had a stronger selloff
  • January 2023: third touch and then followed by a weaker selloff
  • November 2023: fourth touch and no selloff reaction

Depending on how price reacts around the 2,035 level for the week ahead, this will be very interesting to observe for the week ahead.
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