XAUUSD has surged to 2077 since a dramatic drop in Mar 2020. From this level, the commodity has made a significant pullback from Aug 2020 and retraced 50% of the rally. The price bounce off, however, failed to close above resistance level at 1960. Theoretically, in Measured Move, it is assumed the next leg in the uptrend will come close to duplicating the first leg a from the initial price rally (AB). Hence, if the price could make an upside movement above resistance R1, it could potentially reach to 2400. On the flipside, the price movement below 1760 will negate this bullish Measured Move outlook.
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交易結束：達到停損點
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