As shown in the analysis image above, XAUUSD is currently at a resistance point and most likely, is about to form a Heads and Shoulders pattern (As a Reversal pattern) on the H1 timeframe. The next support is at 1728.00 price region.
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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.