Overall, despite the potential for an upward retracement in the near term, the main trend of XAU/USD remains bearish. After the correction is complete, gold prices will likely continue their decline towards the next support levels, especially if market sentiment and economic data support a strengthening US dollar.
It is important to always monitor price movements and the latest fundamental news to confirm or change this analysis as the market develops.
It is important to always monitor price movements and the latest fundamental news to confirm or change this analysis as the market develops.
Penafian
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