XAUUSD has a high short-term downside risk

2 de dez.

On the 4-hour chart, XAUUSD has rebounded from a short-term shock, and bears have the upper hand. Currently, the support below is around 2605. If it falls below, it is expected to continue to fall, and the downside target is 2554-2576. When the price tests the 2554-2576 area and stabilizes, you can pay attention to the bullish Gartley pattern. If the price breaks through the resistance near 2666, it will rise again.