XAUUSD approaching resistance, potential drop!
Price is approaching our first resistance (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback resistance) where a strong drop might occur below this level to our major support a (50% Fibonacci retracement, horizontal swing low support). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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