Now a was formed with a neck line that is also the bottom of a trading channel.
The price closed below the 50 line and barely above the Fast line.
1225$ - Key
scenario - Breakdown and continuation towards 1200$ and 1180$
scenario - Neck line holds as support and $XAUUSD runs towards top of trading channel - 1300$
Tomer Jakov, The MarketZone (@themarketzone)
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