Gold prices have rallied practically 1% in simply the primary two days of December commerce with XAU/USD rebounding off a confluence assist area we’ve been monitoring for months now. The restoration is approaching down-trend resistance and the main target is on a breakout of well-defined technical boundaries for broader steering. These are the up to date targets and invalidation ranges that matter on the XAU/USD weekly chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold price setup and extra.
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Gold Value Chart – XAU/USD Weekly
Notes: In my final Gold Price Weekly Outlook we famous that XAU/USD was, “responding to a key assist zone right here and the fast focus is on this rebound.” The area in focus was 1451/56 – gold spent 4 weeks testing this zone with worth surging increased into the open of…