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XAUUSD Breaks Down Below Support

Apr 2 2020, 05:58 PM (BDT) | Orbex.com

Gold prices broke down below the support level of 1591.

This comes as price broke to the downside following the ascending wedge pattern. At the time of writing, prices are retesting the 1591 level once again.

If resistance forms here, then we expect a move to the downside. The lower support at 1534 level will be the likely support that will be tested.

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