Hello fellow traders!
I'm sharing my analysis on the XAUUSD market.
Market Analysis
XAUUSD is experiencing a strong downtrend, moving within a descending channel.
Key Levels to Watch
Resistance Zone: 2819
Support Zone: 2882_2670
Take Profit: 2860_2855
Trading Implications
Based on this analysis, I have a bearish bias and suggest selling opportunities at the upper boundary of the channel.
Current Market Status
Current Price:2797
Disclaimer
This analysis is for educational purposes only and should not be considered as trading advice.
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