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10:06, 03 марта

XAUUSD

Gold price has a quite high volatility in recent days. Risk appetite is not quite lower compared to the last week. So this leads to some down movements on Gold price.  

We follow 1611 level as a resistance level in short term. We expect that down movement if the Gold price stays below 1611 level.  

Resistance levels: 1602 – 1611 - 1622 
Support levels: 1588 – 1584 - 1575