XAUUSD: Is the bearish momentum still unstoppable?Here, I present my XAUUSD H4 analysis, where the downtrend remains intact following a divergence-driven decline since last month's breakout of the ascending channel.
Fundamental factors, including better control over recent inflation in the U.S. and the potential for upcoming peace in Ukraine, provide a glimpse of a deeper decline ahead.
ATH: $2,956
EQH: $2,930
EQL: $2,832 (Target in case of a structural reversal)