XAUUSD Don't sell before this trend-line breaks!

Gold (XAUUSD) continues its parabolic rise that started on March 09. The dashed Higher Lows trend-line is sustaining this uptrend and as long as it holds, we are targeting 2050, which represents a +5.50% rise, similar to the 2 bullish legs we already have since March 09 and a contact with the January 16 Higher Highs trend-line. On the other hand, sell if the March 09 Higher Lows break and target 1935 (Support Zone A) and if broken, potential extension to Support Zone B.

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