EL-GHORFI-AHMED

XAUUSD TOWARDS A LOW TREND

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Is moving in consolidation between 1736-1661 levels and the key level to show the power of the buyer and the seller is 1700 above it a strong buyer and below it a strong seller with H1 candle to target the higher or lower levels. Notice that it broke the upward channel and fell and now has 1700 level in the case of confirming the break of the 1715 level. There are features of a model in formation, . The most important now is area at 1700, breaking it with H1 candle will be a risk of a stronger drop, so monitor these numbers in case of any of them is broken 1700-1679- 1661
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