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24.03.2023 07:09 AM
XAUUSD, H4 | Continue to 1st Support?

The XAU/USD chart currently has a bearish momentum, with potential for a bearish reaction off the first resistance level at 2007 and a drop towards the first support level at 1957. This support level has held prices up before and if broken, the price could drop towards the second support level at 1933. On the resistance side, the first resistance level is at 2007 with a 127% Fibonacci extension. An intermediate support level at 1982 could act as a pullback support if the price drops.

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Dean Leo,
Analytical expert of InstaForex
© 2007-2023
USDJPY, Daily | Continue to the resistance level?
USD/JPY chart shows bullish momentum with the price above an ascending trendline. The first support level at 137.65, an overlap support and 50% Fibonacci retracement, is significant for buyers. The second support at 134.31, a multi-swing low support, serves as a strong defense against price.
Author: Dean Leo
01:33 2023-06-05 UTC--4
1795
XAUUSD , Daily | Bounce off Support?
The XAU/USD chart shows bullish momentum, with potential for further upward movement. The first support level at 1935.46, coinciding with the 50% Fibonacci retracement, is significant for buyers. The second support at 1859.67, aligned with the 78.60% Fibonacci retracement, acts as a strong price.
Author: Dean Leo
01:29 2023-06-05 UTC--4
1750
GBPUSD , Daily | Falling tp Support??
The GBP/USD chart currently shows a bearish momentum, indicating a downward trend. There is a possibility for the price to continue its bearish movement, targeting the first support level. The first support at 1.2245 is a significant level, acting as an overlap support and coinciding with key.
Author: Dean Leo
01:25 2023-06-05 UTC--4
1435
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