Trading suggestion: There is a possibility of temporary retracement to the suggested support line (1678). If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: XAUUSD is in a downtrend, and the continuation of the downtrend is expected. as you see XAUUSD is in the bearish daily channel and as long as it is the overall downtrend but we can take a buy on the downtrend of the channel around 1670-1680 and take a safe profit until 1720 - 1740 so pls be patients and let it to end its correction The RSI is at 27 !!! MFI 18 !!! let me show the daily chart too
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