Gold Price Forecast: XAU/USD bulls take charge towards critical resistance, eyes on Ukraine risks By ross_burland Gold XAUUSD DollarIndex Currencies Commodities
It stated, ''there is room for a continuation to 24 Feb. lows $1,878, but as it stands, a 50% mean reversion from here could be on the cards, targeting the neckline of the M-formation at around $1,960/70.''As illustrated, the price has indeed moved in toward the aforementioned resistance area and according to the prior, there is from for further mitigation of the imbalance of price where the counter trendline meets the prior lows near a 50% mean reversion around $1,960.
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