Tools used for Analysis: EMA (14 ), ATR, candlestick chart, Horizontal lines, volume. Support and resistance point.
Charts: weekly and monthly.
Support exists at 1221
Resistance exists at 1350
Volume: Neutral
Trend: downside
price moving in the range direction after testing resistance area
can stay in range direction for the coming weeks.
My expected target on3rd of September for XAU/USD is: 1246
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