XAU/USD is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

Will XAU/USD have enough momentum to break support?
Emerging Channel Down pattern in its final wave was identified on the XAU/USD 1 hour chart. After a strong bearish run, we find XAU/USD heading towards the upper triangle line with a possible resistance at 2052.1419. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.

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