XAUUSD is testing the long-term uptrend line 1620
XAUUSD is testing 1620 again. A confirmed break below 1620 is required for the downside breakout and a bounce from here would lead to an upside reversal for the test of 1700. Look for a possible final dip to 1580 before a reversal higher.
Note: look for the long trades with a stop loss below 1580. In the case of a stop-out reverse to short trade
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
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