XAUUSD Analysis & Predictions

 

After analyzing the market using Support and Resistance and Price Action on 1D, H4 and H1, we think that $XAUUSD will continue to drop targeting to hit 1764 down from 1787 and to continue all the way down to hit 1740 by the end of the week. It is expected that $XAUUSD to continue the fall and hit 1700 in 2 to 3 weeks after creating a resistance level then hit the 1640 range before retrace.

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