The market plunged to a key level at 2300. XAUUSD is testing the previous week's low. XAUUSD has reached the buy zone, as I mentioned in my weekly outlook. On the weekly timeframe, the price went below the last 2 weeks low. We should pay attention to how the day closes today. I think the market might form a small-range zone and then break through it upside. Basically, I expect a bullish move toward the resistance zone if we get a signal in the form of a rejection candle. My goal is the resistance zone around 2350.
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Gold fell under $2,300 per ounce on Tuesday to its lowest level in nearly three weeks, as risk appetite returned to the markets after worries of an all-region war in Middle East receded.
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