XAUUSD – Gold

<p>A medium-term uptrend is developing for gold. Last week, the price was trading in a correction, but did not reach the key support [1561.1 – 1552.8]. Now the price is again approaching strong resistance [1637.2 – 1631.2]. If it is broken, the next target will be Target Zone 4 [1697.2 – 1691.2]. </p>
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<p> &nbsp;The Intermediary Zone [1614.2 – 1610.0] was broken last Friday. Now the target for purchases is the Target Zone [1660.1 – 1651.8]. </p>