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Gold is approaching resistance, potential reversal

Oleh Tickmill
Broker
Prices are approaching our resistance level in line with our descending trend line, 78.6% fibonacci retracement and 78.6% fibonacci extension where we could see a reversal below this level. Stochastic is testing resistance as well where we could see a reversal below this level.

Chart PatternsGoldgoldshortHarmonic 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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