XAUUSD Attempts To Move To The Upside

Gold prices are slightly bullish, rising over 1.50% on the day. Price action reclaimed the resistance level of 1594.

This puts the upside bias into the picture. In the event that prices pullback lower, then we expect the 1594 level to hold out as support.

To the upside, the next target is at 1655 handle. Alternately, if price fails at 1594, then we expect a move lower.

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“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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