XAU/USD is chopping below the 1480/85 resistance zone while above the main SMAs on the four-hour chart. The bulls are likely waiting for a reason to break above the 1480/85 resistance zone. In case the breakout has follow-through, the next resistances could be located near the 1494 and 1510 levels. On the flip side, if the sellers take over and fade 1480/85, XAU/USD could decline towards the 1460/50 support zone.


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