XAU/USD Capped by Dense Supply Aarea at $1,190

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On Wednesday, the bullion declined once again and pierced through a considerable support lines' area around $1,190, then represented by the weekly PP and 23.6% Fibo retracement. At the moment these lines, accompanied by the new monthly PP, 20 and 55-day SMAs are acting as a very strong supply zone,



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