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XAUUSD H4 | Reacting off 50% Fibo?
Past performance is not indicative of future results.
Price has just reacted off our pivot point of 1915.48, which serves as an overlap resistance level that aligns with a 50% Fibo retracement. A reversal from this point could lead the price to drop to the 1st support at 1903.843, a support level.
However, if the price breaks above the pivot, it might rise to the 1st resistance at 1924.324, which serves as an overlap resistance level
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