XAUUSD is bouncing from the short-term uptrend line
XAUUSD 1780 support is holding. This is the most important short-term support as the instrument is heading for the most important short-term uptrend resistance of 1850. A break above this resistance is required for the uptrend reversal continuation. It will depend on the USD’s short-term direction which we believe would be the downside.
Note: look for the long trades with a stop loss below 1750
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