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03.07.202009:17 Forex Analysis & Reviews: XAU/USD facing bullish pressure, potential for further upside!

Exchange Rates 03.07.2020 analysis

Trading Recommendation

Entry: 1764.89

Reason for Entry: Horizontal overlap support, 61.8% fibonacci retracement and 78.6% fibonacci extension

Take Profit: 1792.66

Reason for Take Profit: -27.2%, 227.2% fibonacci retracement, 100% fibonacci extension

Stop Loss: 1746.85

Reason for Take Profit: Horizontal swing low support, 127.2% fibonacci extension

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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