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Gold is facing bearish pressure, potential for further drop

Oleh Tickmill
Broker
Prices are facing bearish pressure from our first resistance in line with our horizontal overlap resistance, 38.2% fibonacci retracement where we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Chart PatternsgoldshortHarmonic PatternsTrend Analysis
Tickmill
Broker
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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