XAUUSD: $1,680 Gold Is One to Watch – Daily Price Action

XAUUSD (gold) is approaching a must-hold area for bulls. I mentioned it in yesterday’s video, but $1,680 is a confluence of support. It’s the intersection of a key horizontal level, descending channel support, and the 61.8% Fibonacci of the 2020 to 2021 range. If XAUUSD has any chance of turning this multi-month pullback into a bullish continuation, it will happen at $1,680.

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