MMBTtrader

XAUUSD is retesting broken trendline and can fall hard

Kort
FX:XAUUSD   Guld / USA-dollar
As we can see strong support for the price that was black trendline broke and now it is local resistance for price and after valid retest that is happening we can expect local dump at least like the red arrow on the chart.

Strong resistance and supports are also mentioned on the chart and the main resistance zone for the price is a red trendline that only if it breaks we can expect more pump here for the price.

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