Currently, XAUUSD is expected to continue its downward movement, with the potential for a deeper decline compared to previous levels. This outlook is supported by the formation of a clear swing high reversal pattern and the confirmation of a bearish candlestick pattern.
Moreover, this downward pressure is likely to remain strong as it aligns with the continuation of the existing trend. This situation should be closely monitored to formulate an appropriate strategy.
Trade Recommendation
Sell Entry : 2637
Stop Loss : 2645
Take Profit : 2604
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