The moment of truth for XAUUSD! The XAUUSD chart is at 2035, | FBS Analytics
The moment of truth for XAUUSD!
The XAUUSD chart is at 2035, which is near the 61.8 Fibonacci level. Gold recently ended a major bearish trend, but uncertainty remains. If the chart breaks the 2037 level, it could reach the resistance level of 2057, which corresponds to the 50 Fibonacci level. But if the chart breaks a major support area at 2028, then XAUUSD will reach 1991.
If gold breaks above the 2037 level, it will reach the 2057 level. But if XAUUSD goes below 2028, the chart will fall to 1991 level.
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