j.Hejazi | Gold's Bearish Shift

The XAUUSD failed to make a new higher high and instead made a new lower low after touching the upper line of the yearly channel and being rejected strongly for two days.
This indicates that the bullish trend has ended and a bearish trend has taken over.
The gold has returned to retest the key level of 1870, which is a challenging area to break through due to multiple trend lines, including a monthly trend line, two weekly trend lines, and the 38.20 Fib level.
It is probable that the price will temporarily rise to retest 1915.50 before ultimately heading down towards 1805


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Chart PatternsEURUSDGoldgoldtradingTechnical IndicatorssellsignalsignalsSilvertelegramTrend AnalysisXAUXAUUSD

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