BEARISH
On the daily timeframe, XAUUSD appears to be in a bearish trend. Gold prices have recently retraced to retest a previous support level that has now become a resistance level. This suggests that gold prices are likely to continue falling in the short term.
Trade closed: stop reached
setup invalid , due to violation of the Sell setup , breaking resistance with ease.
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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.