An upsurge in unemployment in the US has seen XAUUSD regain its market thew and instantly reverted to a strong bullish trend. The report has fueled the sharp upward movement of XAUUSD . Now gold is on the verge to retest the last set resistance using 30 minutes timeframe at 1969.10.
According to my analysis, if XAUUSD breaks 1969.10 resistance, a strong bullish trend might continue and if unable, then it will continue with its perennial bearish trend.
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