💢GOLD SELL 1849
Take profits 1 1843
Take profits 2 1834
💢Open Take profits
💢💢Stoploss 1860
👍👍👍👍👍👍👍👍
XAU/USD (GOLD):
On the H4 chart, prices are on a bearish momentum. We see potential for a small bounce from our 1st support at 1843.32 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension towards our 1st resistance at 1851.61 in line with 38.2% Fibonacci retracement. However, as technical indicators are showing mixed signals, we prefer to remain neutral for now. Alternatively, prices may dip towards our 2nd support at 1834 in line with 127.2% Fibonacci extension and 38.2% Fibonacci retracement.
Areas of consideration:
4h 1st support at 1843.32
4h 1st resistance at 1851.61
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