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GOLD (XAU/USD): detailed chart illustration. A nice drop inbound

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
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OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Fibonacci Trend Lines Gold XAUUSD priceaction Technical Analysis forextrading Forex investroy
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supportandresistance fibonacci trendline gold xauusd priceaction technicalanalysis forextrading forex investroy
Now that the price has rejected the declining trend-line illustrated on the graph that nicely aligns with a key resistance level and the 50% Fibonacci retracement level identified on the DAILY timeframe, we are pretty positive about the fact that the bearish moves will continue.

Have a great Tuesday.

Investroy
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