On the 4-hour chart, XAUUSD is fluctuating upward in the short term, and bulls have the upper hand. Currently, XAUUSD is expected to continue to rise, and the price may return to above $3,400. When the price reaches around 3,407.8, you can pay attention to the potential bearish Cypher pattern, which is in the previous supply 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.