We can observe that XAU/USD is in a downtrend, as the price has broken through the lower structure, and three resistance zones have formed. These factors serve as even stronger indicators that the price will continue in that direction. The take profit level is set at 1958.05.
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.