GOLD (XAUUSD) Key Points to Watch

Bullish rally continues on gold.

The market is currently trading within a rising parallel channel.

Here are the main key levels to watch:

• The closest support is based on a support line of a channel
  and the confluence with a major daily underlined horizontal support
  
• The closest resistance is based on the resistance of the channel
  
• The next major resistance is 1815 daily structure cluster
  

Key levels serve as save points to trade from.
While the price is within, it is better to stay away.

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