Thursday, November 7, 2024

XAUUSD GOLD H1

The downward trend movement of the senior timeframe is still relevant.
The downward trend line has not yet been broken.
The fact that the downward trend line has not been broken indicates that the current upward trend movement can be regarded as a correction.
I have noted the nearest targets for the development of this correction.
These are all mirror levels that were broken during the downward movement.
We can say that the excitement provoked by the US presidential elections is passing.




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