FX.co ★ XAU/USD facing bearish pressure from descending trend line, potential for further drop
11 June 2020 at 3:45AM (UTC+0)Long-term review
XAU/USD facing bearish pressure from descending trend line, potential for further drop
Trading Recommendation
Entry: 1723.66
Reason for Entry: 23.6% fibonacci retracement and Horizontal pullback support
Take Profit: 1697.07
Reason for Take Profit: horizontal overlap support, 61.8% fibonacci retracement
Stop Loss: 1755.79
Reason for Take Profit: 78.6% fibonacci extension, horizontal swing high resistance
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Analytical expert
Dean Leo