XAU/USD has broken through a line of 1770.9000 and suggests a possible movement to 1752.3240 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 10 days. Supported by Downward sloping Moving Average
Chart 4 hour
Pattern Support
Length 47 Candles
Identified 17-Aug-2022 16:00 UTC