XAUUSD 18/10/2022

Theo mightybullcapital
Gold currently has a support at 1648.00 while also having a resistance level at 1656.29. now seeing how gold has been creating lower lows in respect to a higher TF downtrend channel, so if gold continues to respect the resistance levels & breaks out of the support, then it could continue the HTF downtrend channel to come all the way down retest the previous low at 1640.05.
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