XAU USD is moving within the 2,477.00–2,500.00 range

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General outlook

XAUUSD has been under selling pressure within the last couple of hours. Now, the support level is located at 2,477.00.Resistance levels are now located at 2,500.00 and 2,530.00.Analysts recommend opening a Sell order with a stop loss above the previous high. The upcoming news will not influence your orders within the mentioned period.

XAUUSD, 1-hour timeframe chart