XAU/USD (Gold) has reached a major resistance level on the daily timeframe, and there is a bearish divergence on the 4-hour chart at this level. The trader predicts that the price is likely to make a false break at the resistance level and drop, with confirmation if the price breaks and closes below the key support level of 1887 or lower.
Targets:1887, 1875
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Targets:1887, 1875
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"Thanks for giving your time to read my article."
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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.