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08.06.2023 06:43 AM
XAUUSD , H4 | Rallying to resistance?

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The XAU/USD chart is bearish with a downward trend. The price is below a descending trend line, indicating bearish momentum. There is a possibility of a temporary price increase before a reversal towards the first support level. The supports at 1937.01 and 1912.92 attracted buying interest. The first resistance at 1965.15 is significant, coinciding with the 61.80% Fibonacci retracement level. The second resistance at 1981.70 confirms its relevance.

Dean Leo,
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समय सीमा चुनें
5
मिनट
15
मिनट
30
मिनट
1
घंटा
4
घंटे
1
दिन
1
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