After yesterday’s significant drop, 
XAUUSD saw a rise, pushing up to the resistance block order zone. Given the strength of this resistance, there’s a high likelihood that gold could face a strong downward movement from this level, potentially leading to a substantial fall. This setup suggests that the recent uptick might just be a temporary retracement before the next bearish leg.
XAUUSD saw a rise, pushing up to the resistance block order zone. Given the strength of this resistance, there’s a high likelihood that gold could face a strong downward movement from this level, potentially leading to a substantial fall. This setup suggests that the recent uptick might just be a temporary retracement before the next bearish leg.
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💵 Gold & Forex – Expert insights & accurate signals!
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📈 Crypto – Bitcoin daily analysis & exclusive Altcoins opportunities!
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Related publications
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.