XAUUSD Likely To Rebound

Gold prices are recovering following the sell-off from last week.

Price action fell to the expected support level of 1671.95. Following this decline, prices are rebounding.

We expect a possible move higher. The previous level of 1712 will most likely be tested as resistance to the upside.

Therefore, we expect gold prices to remain range-bound within these levels.

About the Author
“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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