The image shows a candlestick chart for the XAUUSD
The image shows a candlestick chart for the XAUUSD (Gold/US Dollar) currency pair on TradingView. The chart displays the price action of gold against the US dollar over a 4-hour timeframe, starting from the 26th of September and ending on the 7th of October. The chart shows a downtrend, with the price of gold decreasing during the displayed period.
The chart also shows two horizontal lines, which are likely support and resistance levels. The upper orange line represents resistance, and the lower orange line represents support. The current price of XAUUSD is 2,648.770. There are also some candlestick patterns visible on the chart, like a bearish engulfing pattern, which suggests that the price of gold is likely to continue to fall.
The chart also shows two horizontal lines, which are likely support and resistance levels. The upper orange line represents resistance, and the lower orange line represents support. The current price of XAUUSD is 2,648.770. There are also some candlestick patterns visible on the chart, like a bearish engulfing pattern, which suggests that the price of gold is likely to continue to fall.
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