Gold is approacing resistance

16 thg 10, 2020

Price is facing bearish pressure from our first resistance, in line with our horizontal overlap resistance, 61.8% fibonacci retracement and 78.6% fibonacci extension, where we could see a further reversal below this level. A break below our downside confirmation level could see a further drop to our first support target. Stochastic is facing bearish pressure from our resistance as well.
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