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Gold_Digger_King

Today’s gold price market trading analysis

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Ouro/Dólar Americano (OANDA:XAUUSD)  
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OANDA:XAUUSD   Ouro/Dólar Americano
Trend Analysis Chart Patterns Fundamental Analysis xauusdsignal xauusdupdates xauusdbuy goldtradingstrategy goldtrend goldprediction goldprice goldintraday goldtradingsetup
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On Wednesday (March 20), spot gold was trading below $2,160 per ounce at the beginning of the European market. Investors are cautiously awaiting the Federal Reserve's monetary policy statement. However, the market remains cautious about gold's near-term upside. If Powell makes dovish remarks again, gold is expected to usher in a new rally.
But from a short-term perspective, according to the 4-hour chart, gold prices are currently trading around $2,155 per ounce, and although below the mildly bearish 20-period SMA, a deeper decline remains unclear. The longer-term moving averages continue to rise, but technical indicators remain at negative levels, lacking clear directional strength signals.
Gold prices will continue to fluctuate within a narrow range. It is particularly important to grasp the rhythm at this time.
The latest important support and resistance levels for gold prices:
Support level: $2145.10;
Resistance level: $2163.40;
I am more inclined to go long at low prices, going long around $2150

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The price of gold continues to fall and is about to bottom out
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Gold prices continue to fluctuate
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Wait for a good opportunity to buy
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Gold prices surged higher before falling back
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