Gold testing the week’s opening level by Milan Cutkovic

  • XAU/USD testing Sunday’s opening level around $1203
  • I’d expect we’ll see a bounce from here as it’s a quite important s/t tech support lvl
  • Much will depend on the FOMC minutes later, but a disappointment could send Gold easily back towards $1212
  • However, best to use a tight stop on this, especially given the upcoming event risk….$1996

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