On the 4-hour chart, XAUUSD fell sharply from its highs, and short-term bears have the upper hand. The current key resistance is around 3055. If it fails to break through, the bearish strategy will be maintained, and the downward target will be the 2880-2920 area.
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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.