XAUUSD - holds critical support again.

Hello Traders,

Yesterday we had another bounce from 1783 level after release of CPI data to retest 1808 level.

Today market pullback again below 1800 psychological level and now hold critical support around 1794 channel.

If market closes below 1794-1795 area, there’s a possibility to retest 1780 support again in coming sessions.

On the otherside, If market bounce back from there and again breach 1804 level then it is likely to retest 1818-1819 resistance zone.

We do not provide any financial advice, all ideas shared on trading view is our view and not necessarily in line with yours.

Thanks.