FenzoFx—Gold swept liquidity above the daily highs at $3,407.40 before retreating below this level. Prior to this move, Gold formed equal lows at $3,393.70, a level likely to be targeted next.
From a technical standpoint, this suggests potential downside. If selling pressure continues, XAU/USD could slide toward the next support at $3,384.50.
From a technical standpoint, this suggests potential downside. If selling pressure continues, XAU/USD could slide toward the next support at $3,384.50.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.