Here we can see the space between the price and the trend line is extremely wide so XAUUSD will have to come down as sellers enter the market for a retracement

If the 80 MA moves below the trend line sellers will take over completely

A 1W imbalance is also displayed

USE RISK MANAGEMENT, THIS IS NOT FINANCIAL ADVICE!!!

Beyond Technical AnalysisTechnical IndicatorsTrend Lines

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