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XAUUSD market technical outlook

Daily chart:

Downswing slightly renewed local lows Friday, however it’s well seen what a mighty demand zone resides at 1911.40, 1900.00 (up to 1863.35). Probability of upward reversal here is huge.

H1-chart:

Within local structure an explicit bullish consolidation is in progress with commitment for upward ejection. We expect the asset at resistance level 1955.00.

Conclusions:

Growth to 1955.00.

Trading recommendations:

Longs to 1955.00.

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