XAUUSD - Support is going to break!
Gold is most likely going to break through the 1416.00 support level. The five previous candles indicate that a strong downtrend is forming, there are NO bullish candles and buying power is rejected, as seen by the pinbars. The downtrend will most likely continue to the 1404.00 level.
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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.