XAU/USD Nears Critical Support: Continuation of Uptrend Expected

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2559	2531	2514	2489	2475	2459

XAU/USD is approaching the lower part of the uptrend channel. It is very close to testing the lower line of the uptrend for the fourth time. As long as it stays above this trend line, the middle of the channel at 2524 and the upper boundary at 2550 could be targeted. Geopolitical risks are increasing the significance of these levels. The expectation is for the general uptrend to continue.