XAUUSD is testing the downtrend line
XAUUSD is testing the confluence of the consolidation triangle and horizontal resistance in 1900. A confirmed continuation above this level will give us a higher probability of the long trade entries. A rejection here and a break below 1860 is required for the downside reversal. The overall medium-term is downtrend but we need to see a confirmed continuation below 1860. A sustained break above 1910 is required for an upside extension higher.
Note – We are waiting for a trade setup long or short
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