XAUUSD is facing a strong downside pressure these days and as you see in the daily time frame, price has made a lower high.
Currently, price is approaching to support zone around 1890-1888 which has pushed it to the upside in the past.
But, since we are facing a bearish pressure and we have a downside structure, there is a high probability of the downside breakout on the support zone snd in the case of a bearish candle closure in lower time frames like 4H or 1H, we can expect more drop on XAUUSD around 1850.0.
Currently, price is approaching to support zone around 1890-1888 which has pushed it to the upside in the past.
But, since we are facing a bearish pressure and we have a downside structure, there is a high probability of the downside breakout on the support zone snd in the case of a bearish candle closure in lower time frames like 4H or 1H, we can expect more drop on XAUUSD around 1850.0.
