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Alikze »» XAUUSD| Movement in the descending channel

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🔍 Technical analysis: Movement in the descending channel

- Gold is moving in a descending channel in the 1H time frame.

- It has had several reactions to the ceiling and floors, and now it has faced demand again by hitting the floor trigger.

- It created an OB on the bottom of the channel, which reacted to it after coming into contact with the supply area. - According to the ascending guard, it can have an upward correction movement up to the ceiling of the 2406 range channel.

💎 Also, if it breaks the red box area downwards, it can test the 2353 range.

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