Hello traders, we want to check the XAUUSD chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to maintain the downward trend of the price and cause the price to fall further. If the price falls, the first target will be 1914.500. If the price can break this level, the second price target will be 1905.800. Good luck.
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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.