Should we expect a bearish trend on XAUUSD?

Past performance is not an indicator of future results.
The breakout of XAUUSD through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we expect the price of XAUUSD to test 1495.6625 within the next 16 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.

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