XAU has dropped below the macro point of control (POC) and the value area low (VAL) of the local range, which, in my assessment, signals a bearish indication. I currently anticipate a correction towards the next support level.
Should this level fail to hold as well, my attention turns to the next significant support level at 1800.
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Should this level fail to hold as well, my attention turns to the next significant support level at 1800.