XAUUSD Bearish

Currently, XAUUSD has made a lower low and a lower high and is in the downtrend.

As you see in the 1H chart, the red line support level which was between 1750 - 1752 has been broken out to the downside and a bearish 1H candle is closed below this level.

On the other hand, there is a strong support level at 1745 which has been tested by price for several times before.

According to the downtrend, if price can break 1745 strongly and close a bearish candle below this level, we can expect more drop to the next support level around 1732.

(Check bearish signals in m15)