XAU/USD is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.

Either a rebound or a breakout imminent on XAU/USD
XAU/USD is heading towards the support line of a Descending Triangle. If this movement continues, the price of XAU/USD could test 1916.4801 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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