Fibonacci-Signals

XAUUSD Technical Analysis

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OANDA:XAUUSD   Ouro/Dólar Americano

Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at least 1743.16

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