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Gold forecast for today: XAUUSD analysis
Aug 05 at 05:06
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Aug 05 at 05:06
Last week, the short-term trend changed to downward. At the end of the trading week, an upward correction began, which is still ongoing. As a result, the price approached the resistance level of 3365.If the 3365 level is tested during today's trading, new sales may be considered with the first target at 3317. If the price consolidates below this level, the next target for short positions will be last week's low of 3268.For a trend reversal and the opening of long positions, the price must consolidate above the 3391 level.
Trading decisions for XAUUSD today:Sell from the 3365 level. TakeProfit: 3317, 3268. StopLoss: 3390.
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