XAUUSD Update:Moving averages suggest that price should at least retest Monday’s low. Historically, the Monday range has served as a strong support/resistance zone.
Currently, price is at mid-range — expecting a move up to retest Monday’s low, which could act as fuel for a deeper drop.
If price deviates above and then reclaims the previous week’s low from below… you know the drill.
Follow along for further updates
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