XAUUSD

Hello Traders! 👋
What are your thoughts on GOLD?
After a bullish move and the break of the ascending trendline, gold has entered a corrective phase. Currently, the price is below a key resistance level, which coincides with the 78.6% Fibonacci retracement level. This area acts as a strong resistance and could hinder further upward movement.
It is expected that the price will react to this resistance level and enter a downward movement.
If the mentioned resistance is decisively broken, the bearish scenario will lose its validity, and the likelihood of continued upward movement will increase.
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取消訂單

It was canceled because it was far away from the entry point