XAUUSD(GOLD) is in a downtrend in the long term, there's been a heavy consolidation that formed a triangle pettern. so a new bearish trend leg is expected as price has come to the 38.2% retracement level.
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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.