We have seen a significant sharp drop on XAUUSD right now. Price is in a strong downtrend.
Currently, price is approaching to the support level at 1915 which has pushed the price to the upside in the past.
Price is facing a bearish pressure and If it breaks 1915 and closes a bearish 4H candle below this level, I expect a drop on XAUUSD towards the next major low around 1897
Currently, price is approaching to the support level at 1915 which has pushed the price to the upside in the past.
Price is facing a bearish pressure and If it breaks 1915 and closes a bearish 4H candle below this level, I expect a drop on XAUUSD towards the next major low around 1897
