Gold remains under pressure
Price is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance, 61.8% fibonacci retracement and 78.6% fibonacci extension, where we could see a further reversal below this level. Stochastic is facing bearish pressure from our resistance as well.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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