Overall, despite the potential for an upward retracement in the near term, the main trend of XAU/USD remains bearish. After the correction is complete, gold prices will likely continue their decline towards the next support levels, especially if market sentiment and economic data support a strengthening US dollar.
It is important to always monitor price movements and the latest fundamental news to confirm or change this analysis as the market develops.
Chart PatternsTrend AnalysisWave Analysis

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