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Situation in XAUUSD gold in USD today

The XAUUSD price chart shows a contraction around 1850. Usually, a strong move to either side should be expected from there.
From all-time highs, we are in a downtrend. Although locally, the next buy signal was from 1840, with risk below 1836.
What is not very good is that the uptrend from the 1786 low is broken.
Conservatively, it is best to trade, delay action until the contraction exits, with the 1820-1860 range looking, keeping in mind the 1880, 1900, 1920 resistances.
Zone of possible support 1820-1828 and 1800, 1786.
About author

Oxford graduate with honors. He worked in large financial projects for well-known Wall Street corporations. After he earned his first capital and a reputation as a successful trader, he opened his own company. At the moment, the growth of the company's capital is 20% per year.
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