XAUUSD focuses on supply areas
On the 4-hour chart, XAUUSD fell back after shock, and short-term bears have the upper hand. Currently, we can focus on the supply area of 2682-2698. If the rebound is blocked, we can consider shorting. The support below is around 2645.
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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.