XAUUSD has rejected fib 0.5, going to test 0.38

GoldOANDA

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⋅ Mar 24, 2020 5:33 AM

Seems like fib 0.5 retracement of preceding 5 wave bearish pulse has been tested and is ready to go back to 0.38 to start another pulse higher wave 2 of the downtrend. wait for confirmation near 0.38 retracement.
Alos, fib 0.5 is also a resistance

Fibonacci Support and Resistance

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