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XAUUSD near key support, could possibly bounce !

Oleh Tickmill
Broker

XAUUSD is approaching our first support at 1280.34 (horizontal swing high resistance, 100% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 1302.26(horizontal swing low support, , 61.8% Fibonacci retracement, 100% Fibonacci extension ). Stochastic is also approaching resistance.
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Chart PatternsforexsignalsHarmonic PatternsTrend AnalysisUSDXAUXAUUSD
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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