OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is still moving in a downtrend since July, and in my opinion, it will continue for a while due to the decisions of the Federal Reserve, which is violently fighting inflation until it reaches 2%.
Technically, gold broke many support lines, including 1909, 1903, and 1896, and only 1886 remained of these supports. Of course, the most powerful point is 1854-1848. From here, we expect the downtrend to end, to return to the rise again.
We expected now to drop to 1874, then go back to the nineties, and then see if it will return to complete the decline, or end here.
Happy trading everyone

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