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XAUUSD market technical outlook

Daily chart:
Market remains above the support zone 1902.42-1915.88 that will facilitate recovery of the quotes to the closest strong resistance 1961.69.

H1-chart:

Local structure is gradually reversing to the upside having broken one of the highs at 1931.71 already. Shortly we can expect testing of the resistance zone 1938.55-1941.09. Then after a slight correction growth might be extended to 1948.29.

Conclusions:

Growth in direction 1938.55-1941.09 and 1949.29.

Trading recommendations:

Longs to 1938.55-1941.09 and 1949.29.

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