💡 XAUUSD: The downward momentum is still

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Analysis today: Continued to recover over the weekend but the price was not able to create any notable bullish signals, it is still maintaining in the short-term falling price channel and selling pressure is still present around the resistance level. 2040. Still maintain bearish expectations, at least until this short-term price channel is broken.


Indicator is used:
- Chandelier Exit
- EMA
- MACD

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Gold prices reversed and decreased because investors continued to take profits, as the market was preparing to receive new economic information, as well as preparing for the US Federal Reserve (Fed) to enter its first monthly meeting. 2024.

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