After yesterday’s significant drop, XAUUSD saw a rise, pushing up to the resistance block order zone. Given the strength of this resistance, there’s a high likelihood that gold could face a strong downward movement from this level, potentially leading to a substantial fall. This setup suggests that the recent uptick might just be a temporary retracement before the next bearish leg.
Chart PatternsForexforexsignalforexsignalsFundamental AnalysisGoldgolddollargoldusdTechnical IndicatorsXAUXAUUSDxauusdsignal

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