Gold Spot / U.S. DollarUpdated XAUUSD is in a descending channel
The first expectation is due to the descending channel
Falling to 1870 or more
Second expectation:
Breakout from1950 and reach the 1980 price range, then pull back to 1950 and climb to the 2000 range or more.
Falling to 1870 or more
Second expectation:
Breakout from1950 and reach the 1980 price range, then pull back to 1950 and climb to the 2000 range or more.
Trade active
It reached the target of 1870 and the decline continues and is still in the descending channel.
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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.