We have a lower high on the XAUUSD chart showing buyers couldn't raise the price more. The last bullish leg is growing very weak, and the last bearish leg was more powerful than the previous one. So there is more possibility of falling; this time, the price can break the demand zone and cross it.
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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.