XAU/USD 1-Jan-2025 *Happy New Year*

On the daily timeframe;

I see the flag pattern,
which, by forming a triangle, the price broke its lower side
and after hitting the Fibonacci level 0.618 (2606), it had a pullback
which in my opinion is a complete pullback and I expect the downtrend to continue

On the other hand:
Although the price is on dynamic support, and MA20 on the weekly timeframe,
The price is in the range area, below the very strong resistance area
a zone that in the past weeks, was very strong as support
and for a long time the price was limited in it

Therefore, I do not think the price can easily move above this area (2625-2634)

Target 1: 2601
Target 2: 2591.5
Target 3: 2576

*Be profitable

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