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.

XAUUSD on 1D Chart
XAUUSD on 4H Chart
XAUUSD on 1H Chart
XAUUSD on 5M Chart for Trading using Expert Advisor

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