XAUUSD Bearish Momentum | 30thSept

Price is currently trading is a descending trend line and can potentially reach the resistance of the trend line at price 1743.42 in line with Fibonacci level of 127.2. Price can potentially bounce from the resistance level back to its take profit level of 1721.69 with 78.6% Fibonacci extension level. Our bearish bias is further supported as price is currently trading below its 20EMA.

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