Supports and resistances are primary concepts of technical analysis. XAU/USD is heading for an important price of 2331.4299 – read about what this could mean for the future.

Breach of important price line imminent by XAU/USD
XAU/USD is heading towards 2331.4299 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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