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XAUUSD Intraday Analysis

XAUUSD (1329.67): Gold prices once again rallied to the 1345 level of resistance before giving up the gains to close flat on the day. The declines continue to extend lower with price breaking down below the 1336 level of support. Gold prices are now just a few points away from testing the 1328 handle. A breakdown below this level could signal further downside with the potential to test the 1307 region in the medium term.

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