XAUUSD: Bouncing off a former Resistance now turned Support.

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Gold is marginally bullish on its 1D technical outlook (RSI = 56.013, MACD = 32.440, ADX = 32.924) as it made a much needed pullback to test the former LH trendline. This is a Resistance turned Support trendline and as the 4H MA50 holds, we expect the breakout to extend to +7.39% from the bottom. TP = 3,485.


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