XAUUSD Monday to Tuesday Bearish
Upon analyzing the 4-hour timeframe, a substantial reaction is evident at the downward trendline. This observation indicates a prevailing fear in the market and a loss of bullish momentum. From my professional viewpoint, it is essential for the USD side to address the gap that remains unfilled before any sustained upward movement can be expected towards the daily trendline.
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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.