Gold broke a key support level, potential for further drop!
Price is facing bearish pressure from our first resistance level, in line with our horizontal pullback resistance, 61.8% fibonacci retracement where we could see a further drop below this level. The Ichimoku cloud and 20 period EMA are showing signs of bearish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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