As expected in our previous analysis XAUUSD bounced to daily resistance and started to get rejected with a strong momentum in the major direction of the trend. As we see series of lower high formation XAUUSD may continue to drop to daily support level following the long term trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.