Breach of important price line imminent by XAUUSD

Past performance is not an indicator of future results.
XAUUSD is moving towards a line of 1847.4000 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If XAUUSD continues in its current trajectory, we can expect it to reach 1847.4000 within the next 7 hours.

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