XAUUSD (Gold) testing intermediate support, watch for the break!
XAUUSD (Gold) is testing intermediate support at 1297. A break of this could provide bearish acceleration below 1301 (Fibonacci retracement, horizontal pullback resistance, bearish ichimoku cloud) towards major support at 1288 (Fibonacci retracement, horizontal swing low support).
RSI (89) has made a bearish exit signalling that a similar break could be impending on price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) has made a bearish exit signalling that a similar break could be impending on price.
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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