XAU/USD is heading towards 1783.2700 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels. Supported by Downward sloping Moving Average
Chart 1 hour
Pattern Support
Length 99 Candles
Identified 15-Aug-2022 06:00 UTC