XAUUSD H1
The market price made a strong decline after the sentiment news was released as well as testing at the 1785.00 level before a strong decline took place.
From yesterday's decline is the potential to make such a continuation?
Let's take a look at the bigger picture, the decline that took place yesterday, has already been tested at the highest area where 1765.00 is the nearest resistance level and has already been tested today. So through this chart, I am of the view that if the market makes a continuation of the decline the price should be below that price.
If the current market conditions are above that level, it is likely that the price will rise again. But since a strong decline took place yesterday, so it is likely that today, the market will make a flat price where 1770.00 and 1760.00 will be the prices seen to perform as short-term trades.
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