XAUUSD seeing more downside if it breaks below the support

٢٦ أكتوبر ٢٠٢٠

Price reversed nicely below our first resistance level in line with our descending trend line. A break below our downside confirmation level could see a further drop below this level. Stochastic is facing bearish pressure from our resistance as well.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks