XAUUSD on the daily must overtake breakdown point 1211.66 in order to become short term bullish. Bounce off the most recent support at 1187 (1181 region) still preventing it from breaking down. Below 1181, 1100 is support.
Price is still below the 50% retracement of the daily candle and 61.8% is resistance at 1211.66. Still bearish looking.
If long, long against 1811 for top of channel at 1281.
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