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XAU/USD: Trading Recommendations

By Yuri PapshevForexApr 14, 2021 08:08AM ET
www.investing.com/analysis/xauusd-trading-recommendations-200572993
XAU/USD: Trading Recommendations
By Yuri Papshev   |  Apr 14, 2021 08:08AM ET
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There is a confrontation in the market between rising government bond yields, which puts downward pressure on the gold price, and rising inflationary expectations, which supports gold. Break of the support level 1736.00 will resume the downward dynamics of XAU/USD.

A breakdown of the local resistance level of 1758.00 will increase the likelihood of further growth of XAU/USD in the direction of the key resistance level of 1794.00.

Support levels: 1744.00, 1736.00, 1700.00, 1685.00, 1615.00, 1560.00
Resistance levels: 1758.00, 1794.00, 1852.00, 1874.00, 1963.00, 1976.00, 2010.00, 2075.00 

Trading recommendations

Sell ​​Stop 1735.00. Stop-Loss 1751.00. Take-Profit 1700.00, 1685.00, 1615.00, 1560.00
Buy Stop 1751.00. Stop-Loss 1735.00. Take-Profit 1758.00, 1794.00, 1852.00, 1874.00, 1963.00, 1976.00, 2010.00, 2075.00

XU-Daily
XU-Daily

XAU/USD: Trading Recommendations
 

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XAU/USD: Trading Recommendations

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Comments (3)
Okezie Ekpeh
Okezie Ekpeh Apr 15, 2021 10:14AM ET
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Your analysis is spot on
Rana Azam
Rana Azam Apr 14, 2021 11:12AM ET
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Really thanks 👍 very good
Muhammad Pratama Rizky Akbar
Muhammad Pratama Rizky Akbar Apr 14, 2021 9:50AM ET
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Thanks a lot
 
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