XAUUSD likely to rebound
![](https://www.orbex.com/blog/wp-content/uploads/2020/04/XAUUSD-2004-1-750x430.png)
Gold prices are recovering following the sell-off from last week.
Price action fell to the expected support level of 1671.95. Following this decline, prices are rebounding.
We expect a possible move higher. The previous level of 1712 will most likely be tested as resistance to the upside.
Therefore, we expect gold prices to remain range-bound within these levels.
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