Important support line being approached by XAU/USD. This price has been tested numerous time in the last 12 days

Should we expect a breakout or a rebound on XAU/USD?
An emerging Channel Down has been detected on XAU/USD on the 1 hour chart. There is a possible move towards 1989.8753 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

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