XAUUSD seeing more downside if it breaks below the support

Price reversed nicely below our first resistance level in line with our descending trend line. A break below our downside confirmation level could see a further drop below this level. Stochastic is facing bearish pressure from our resistance as well.

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Chart PatternsHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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