Abdullah_x47

Gold overcast

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FX_IDC:XAUUSD   Ouro/Dólar Americano
Oversold. Yet the pair has completed a Fib cycle at 161.8% retracement. It seems that after a little correction the pair might fall and continue its bearish trend. It might be up for another Fib cycle. Seems that it would go up a little for correction and then the downfall would continue. Support and resistance points are illustrated on the chart.

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