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XAUUSD
The golden metal is in an uptrend and it can be seen in the marked lows that formed on the chart. I have marked the last three circle holes which show that the train has not been negated. In the second picture you can see that we are currently on local support which can be broken up to the level marked with the blue line.
If the level from the first picture (H4) breaks, we can expect a deeper decline in the price. However, remember that with the end of the year and the beginning of a new one, you can expect movements that are not necessarily technically justified.
