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LimitMarkets
Nov 9, 2018 11:46 AM

XAUEUR  Long

Gold/EUROANDA

Description

The parity tested the area between 50.0 and 61.8 Fibonacci levels, but the range appeared to be a strong resistance. The price currently is heading down towards the triangle’s base at 1070 level. Once the price reaches the tip of the formation, we can expect a breakout. Technically, it should be an upward breakout with 1080 and 1093 levels targeted.
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