On the daily timeframe, XAUUSD is expected to be vulnerable to a correction toward the 3253–3325 area as the minimum retracement zone to potentially form a triangle pattern. However, in the worst-case scenario, indicated by the black label, XAUUSD may experience a deeper correction toward the 3093–3191 range.
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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.