XAU/USD is falling to a support level, a pullback support that aligns with the 50% Fibonacci retracement and could bounce from here to our take profit.
Entry: 3,991.39
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 3,879.03
Why we like it:
There is a pullback support level.
Take profit: 4,115.22
Why we like it:
There is a pullback resistance level.
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