Should we expect a breakout or a rebound on XAUUSD?

XAUUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 12 days and may test it again within the next 2 days.

Past performance is not an indicator of future results.
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