XAUUSD is moving towards the 50% retracement per analysis. If it breaks the 50% then down to 62%. Overall, XAUUSD is still in an up trend which can't be ignored. A correction is necessary.
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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.