We have seen a significant growth on XAUUSD in the past few weeks. Price grew to 1998 which is very close to the strong resistance and supply zone at $2000.
Currently, we can see the strong bearish push from the resistance level. The ascending trend line has been broken and price has broken the last low either.
If the current 4H candle pass the low of the previous candle, we can expect a drop to 1962.
Currently, we can see the strong bearish push from the resistance level. The ascending trend line has been broken and price has broken the last low either.
If the current 4H candle pass the low of the previous candle, we can expect a drop to 1962.
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