From the chart to observe the pattern of price movement can be found XAUUSD price is in the upward channel. But this does not mean that the price will not fall in the short term, instead I think that the retail investors follow the trend of more chips, the main institutions need to clean the chips in the market. This process is often manifested as a fast-falling, slow-rising price scenario.
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XAUUSD price will rally to the gray area if it stays above $1800. I am paying close attention to the $1795-1800 key levels.Order cancelled
XAUUSD price has gone below $1800 and the bulls are not strong anymore.
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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.