A bullish trend is now in action as you can see the green arrow shown on the hourly XAUUSD chart at the current time which is supported with a bottom located at 1225.3 which can be also used as a very strong support that the price shouldnt go below it if the bullish trend still strong.
Also the parabolic sar dots is showing below the candles which is a sign that the price is heading up for a while.
when buying trades take a place I think then the resistance 1237.4 can be a good area in order to close some open positions as the price has a good chance to go south after hitting it.
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