XAUUSD H1 | Bearish Drop

10月17日

Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 2682.90, which is a swing high resistance.

Our take profit will be at 2668.66, an overlap support level close to 38.2% Fibonacci retracement.

The stop loss will be placed at 2690, which aligns with 127.2% Fibonacci extension

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