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#xauusd #When Gold broke the lower band of the descending channel it had formed, sharp selling came in.
However, this selling is considered a retest of the broken descending trend.
After such breakouts, a pullback is technically considered a normal move.
On the daily timeframe, the upward move may resume from 4311-4220.
On the upside, the 4696- 4893-4995-5597 resistance levels can be monitored.