XAUUSD Gold 1h breakdown
Following yesterdays analysis, it looks like price action is following our bearish path expectations where price closed below support, created it's own support and is retesting the previous support as resistance before continuing down.
With news today in mind - buys would have to be 2-3 ranges above current price point, however looking back at the daily timeframe I would be more inclined to take sells. Don't forget, CPI news today will bring volatility.
With news today in mind - buys would have to be 2-3 ranges above current price point, however looking back at the daily timeframe I would be more inclined to take sells. Don't forget, CPI news today will bring volatility.
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