Gold Spot / U.S. Dollar
Long

XAUUSD bounced from daily support and reclaimed 4h support

Reclaimed the 4h support which it broke yesterday. The higher probability of this break was discussed in a post and a later post the support and bounce from the daily support was predicted.

Now the price has reclaimed the 4h broken support. This clears up the way for upward movement. The price might pull back here a bit to 1922, but will bounce from there for a further upward movement claiming the recent high of 1949.

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