XAUUSD

XAUUSD Timeframe 15M:
The analysis suggests the market is currently pulling back in an overall downtrend.
A blue horizontal area marks a resistance zone just below the trendline. This suggests that this level has previously acted as a barrier to upward price movement. I expect the price to test this resistance level before potentially moving lower, continuing the bearish trend. this zone might act as a selling point where I anticipate a continuation of the downtrend.


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