Hello Traders,
Here is the daily time frame XAUUSD analysis.

Price has retrace the 50% fib level and this level also previous support now turned resistance.
Gold most probably will go down to 1520 level. Our first target is 1550.

Good luck!
Thank you for your support!
Forex42

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GoldSupply and DemandSupport and ResistanceTrend AnalysisXAUUSD

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