XAU/USD: Retesting Key Support After Sharp Rally – What's Next?
This XAU/USD chart shows that gold is currently retesting a key support zone around 2,622 USD after a recent rally. There was a sharp upward movement, but the price is now pulling back to the support area. This could be a crucial point to watch for a potential bounce or a breakdown. If the price holds above this support, a bullish continuation towards 2,639 USD is likely. Otherwise, a break below the support zone could indicate further downside pressure.
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