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Short

XAUUSD approaching resistance, potential drop!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is approaching our first resistance at 1233.86 (horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong drop might occur pushing price down to our major support at 1219.38 (horizontal swing low support, 38.2% Fibonacci retracement ).
Stochastics (89,5,3) is also approaching resistance and we might see a corresponding drop in 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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Am Looking at the same tthing, but with an extended targethttps://www.
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Chozer lehlogonolo
@lehlogonolo, : Long or short.?

When is the estimate date that it will hit your extended target if I may know.?
Reply
@Chozer, Short,as for date that i cannot confirm.
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