Either a rebound or a breakout imminent on XAUUSD

XAUUSD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If XAUUSD continues in its current trajectory, we could see it reach 2328.7797 within the next 2 days.

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