xau/usd still on a downtrend

22 באוג׳ 2022

market is still on a downtrend , last week it broke and closed at 1747.77,so we might be seeing price going down to 1694.20 lvl on a long term. for today price broke 1746.14 making it a new MRL . my opinion is to follow the trend, wait for the retracement to the 1746-1747.10 lvl, observe the rejections and pull back patterns be joining the trend and ensure its on the London session

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