XAUUSD testing the former Support
XAUUSD/ Gold is rising on a 4h candle that is about to test the former Rising Support.
This is now a Support turned into a Resistance. If rejected it will be a selling continuation signal.
The previous sell Target was the 0.382 Fibonacci, so now target the 0.5 Fibonacci at 1910.
Previous chart:
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This is now a Support turned into a Resistance. If rejected it will be a selling continuation signal.
The previous sell Target was the 0.382 Fibonacci, so now target the 0.5 Fibonacci at 1910.
Previous chart:
Follow us, like the idea and leave a comment below!!
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