Hello everyone,
A good opportunity has been detected on the XAU/USD pair.
After strong downward movement on the XAU/USD, the price
found support on a 161.8% Fibonacci extension level, bounced,
formed a Morning Doji Star pattern and is currently correcting
to the upside.
We are expecting the price to reach approximately the 1902.00
price level, where we have 2 Fibonacci retracement levels, as well
as an inside resistance level and the upcoming 50 Moving Average.
A good opportunity has been detected on the XAU/USD pair.
After strong downward movement on the XAU/USD, the price
found support on a 161.8% Fibonacci extension level, bounced,
formed a Morning Doji Star pattern and is currently correcting
to the upside.
We are expecting the price to reach approximately the 1902.00
price level, where we have 2 Fibonacci retracement levels, as well
as an inside resistance level and the upcoming 50 Moving Average.