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Xauusd4h

XAUUSD reversed from resistance, potential drop! XAUUSD reversed off its resistance at 1767.712 where it could potentially drop further to 1666.854. Price is approaching our first resistance, in line with our 127.2% fibonacci retracement and 100% fibonacci extension where we could see a drop to our first support level . Stochastic is approaching resistance as well where we might see a reversal below this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAUUSDShort
by Tickmill
XAUUSD reversed from resistance, potential drop! XAUUSD reversed off its resistance at 1767.712 where it could potentially drop further to 1666.854. We turned bearish as price is approaching first resistance, in line with our 127.2% fibonacci retracement and 100% fibonacci extension . Price is likely to reverse off 1st resistance towards 1st support. Stochastic is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAUUSDShort
by Tickmill
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