XAUUSD H1
The current price showing a downtrend reaction was seen to occur early this morning after the price failed to close above 1808.00.
From the movement that is happening now, see the tendency of the price to re-enter the horizontal area that has happened before. At the price of 1800.00 there is no rejection but instead creates the potential for a downtrend at a lower price.
From the technical analysis done, if the downtrend is strong, the price to be sought is 1770.00 because this is one of the closest support areas. Even if the decline does not occur, at the current price of 1800.00 it will be seen whether the price makes a rejection or not. Since the market does not show any clear setup, we will wait for the US market to open later to see the current price movement that will be shown later.
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