⚠️ XAUUSD : Important Weekly Update (Read The Caption)

By checking the gold chart in the weekly time frame, we can see that the price is still in the trading range of $2000, and if the price stabilizes below $2049, we can expect more fall from gold! Note that in order to continue and stabilize the downward trend, the price must penetrate below $1974 and the weekly candle closes below this price! The price is currently in a very important range for decision-making, which can determine the medium-term trend!

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Best Regards , Arman Shaban

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