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XAUUSD approaching resistance, potential drop!

XAUUSD is approaching our first resistance at 1214.20 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong drop might occur pushing price down to our major support at 1203.35 (horizontal overlap pullback support, 38.2% Fibonacci retracement).
Stochastic
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Chart PatternsForexforexsignalsforextraidngHarmonic PatternsTrend AnalysisUSDXAUXAUUSDxauusdlongxauusdshort

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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