On the daily chart, XAUUSD has retreated from its highs in the short term, and the bearish pattern has taken advantage. If the price continues to fall, the downside target will be around 2334. After reaching this level, you can pay attention to the potential bullish Gartley pattern. In addition, 2334 is in the previous demand area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.