Gold reversed off resistance, potential for further drop!
Price is approaching our first resistance, in line with our horizontal swing high resistance, 61.8% fibonacci retracement and 100% fibonacci extension, where we could see a further drop to our first support target. Ichimoku cloud is showing signs of bearish pressure in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
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