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21sep21

#XAUUSD is at pivot, potential for drop!Price is at pivot level around 1,764.00 which is in line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and 20EMA. The price could potentially drop to support at 1,720.30, in-line with 100% Fibonacci retracement level, 161.8% Fibonacci extension level and swing low support. RSI is also at descending trendline resistance for potential drop Alternatively, price may swing towards resistance at 1,788.00, in-line with 50% Fibonacci retracement level, 161.8% Fibonacci extension level and 200MA. Pivot: 1,764.00 Why we like it: 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and 20EMA 1st Support: 1,720.30 100% Fibonacci retracement level, 161.8% Fibonacci extension level and swing low support 1st Resistance: 1,788.00 50% Fibonacci retracement level, 161.8% Fibonacci extension level and 200MA Trading FX & CFDs carries high risk
SAXO:XAUUSDShort
by VantageMarkets
#NZDUSD is at pivot, potential for bounce!Price is reacting on pivot level at 0.70115 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA. Price could potentially swing towards resistance at 0.70850, in-line with 50% Fibonacci retracement, 61.8% Fibonacci extension level and 50MA. Stochastic is also at support where previous bounces occurred. Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Pivot: 0.70115 Why we like it: 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA 1st Support: 0.69450 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Resistance: 0.70850 50% Fibonacci retracement, 61.8% Fibonacci extension level and 50 MA Trading FX & CFDs carries high risk.
Long
by VantageMarkets