XAUUSD seeing more downside if it breaks below the support
Price is trending in a triangular squeeze in between the ascending and descending trendlines. A break below our downside confirmation level where the 76.4% fib retracement and ascending trendline are, could see a further drop to our first support target. Stochastic is facing bearish pressure from our resistance as well.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
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