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Gold Forecast for Today: XAUUSD Analysis
May 06 at 10:53
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May 06 at 10:53
The short-term trend in gold has changed to an uptrend today. The resistance (B) 3325 - 3314 has been broken. Now the upside target is the upper target zone 3449 - 3426. Consequently, from today it is favorable to consider buying the instrument after the test of support (A) 3311 - 3304 or support (B) 3274 - 3263. The main target for long positions will be the maximum of today.
XAUUSD trading decisions for today:Buy from support (A) 3311 - 3304. TakeProfit: 3345, 3386. StopLoss: 3290.
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