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Gold is approaching resistance, potential reversal

Por Tickmill
Corretora
Prices are approaching our resistance level in line with our descending trend line, 78.6% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level. Stochastic is showing signs of bearish pressure as well, in line with our bearish bias.
Chart PatternsGoldgoldlonggoldshortHarmonic PatternsTrend Analysis
Tickmill
Corretora
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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