XAUUSD - Weekly short stops
There has been fairly strong support/resistance at 1174.10 ( even over the previous few years) which will most likely be tested as GOLD goes down; there could be another retest at support near the 0.618 fib level at 1135.70 price level; the 0.786 fib level actually matches previous levels of horizontal support and coincides with diagonal resistance of the current downtrend. This would be the last level to be tested before going all the way down to the lower level of the wedge.
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