FX:XAUUSD   Gold Spot / U.S. Dollar
Circled you can see where price tried to break support but failed and bounced back up, And as you can see price is currently at this support level again so we are going to sit back and watch what price does before jumping in this trade.

A break of such a strong level could see price make even more bearish movement whereas a bounce could see the bulls take over and push price higher.

So at the moment we are just waiting for the correct time to pounce and munch on some pips.
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