Gold is about to experience a pullback!

1 185
XAU/USD is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% and the 50% Fibonacci retracement and could reverse from this level to our take profit.

Entry: 3,275.29
Why we like it:
There is a pullback resistance level that line sup with the 23.6% and the 50% Fibonacci retracement.

Stop loss: 3,350.60
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.

Take profit: 3,168.44
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.

Penafian

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