on August 10, 2022 XAUUSD has already made a big rejection in that week and continued to decline to 1615+ which has become a strong support to the point of being able to push the price back until on December 5, 2022 the price has reached the previous highest price level on 10 that August 2022 which took less than 3 months and made a rejection again but failed to penetrate Daily support on November 23, 2022. On December 13, 2022 the price came back to make another attempt to penetrate the highest price of the market, but was unsuccessful. And on December 20, 2022 the price has managed to break through the highest price level of 3 months with a candlestick on the Daily period closing with a BULLISH candlestick full of body.
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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.