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XAUUSD
The metal has been consolidating for a week, despite the fact that the US dollar is weakening against many currencies. Consolidation is at the border of the growth channel, so investors are defending the price level, hoping for a correction. The next attempt to approach the resistance will weaken the level and we will rather expect the breakout of the channel and further intensive gains. For now, we are waiting for the market move. In the event of a breakout of the support level from the consolidation, we can expect the price to reach the level marked in the image, which coincides with the support and the channel border.
