XAU/USD Well-Supported At 1,200

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XAU/USD is currently extending Wednesday's rally from 1,200, but it may encounter fierce resistance between 1,215.80 and 1,211.90, where the weekly PP merges with the 100-day SMA. If this area fails as a ceiling, another high concentration of selling orders is supposed to be near 1,226, where the weekly R1



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