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XAUUSD Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1183.15 would begin in Midterm.
Technical analysis:
The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
The RSI bounced from the uptrend #2 and it prevented price from more losses.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 59.
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