XAUUSD Update:Moving averages suggest that price should at least retest Monday’s low. Historically, the Monday range has served as a strong support/resistance zone.
Currently, price is at mid-range — expecting a move up to retest Monday’s low, which could act as fuel for a deeper drop.
If price deviates above and then reclaims the previous week’s low from below… you know the drill.
Follow along for further updates
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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.