XAUUSD
The departure from the upward trend channel has led this product into a significant price decline. It is currently trading below the resistance levels of 2285 and 2290. A strong downward trend was established after taking profits at the $2305 mark, with stable trading activity observed on the 1-hour chart.
Given these observations, it wouldn't be surprising to anticipate further price drops after testing the aforementioned resistance levels (as illustrated on the 2-hour chart), with an expected decrease to $2.248.
If you find this post insightful and valuable, don't forget to leave a like and share your thoughts. It would make me extremely happy.
Given these observations, it wouldn't be surprising to anticipate further price drops after testing the aforementioned resistance levels (as illustrated on the 2-hour chart), with an expected decrease to $2.248.
If you find this post insightful and valuable, don't forget to leave a like and share your thoughts. It would make me extremely happy.
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