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Forex

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As time evolves $XAU keeps interesting to watch. It just broke the 4 hour 200 MA and is in the progress of retesting it as a resistance. When the 200 MA holds you might want to add, or re-enter a short trade to take a ride to the projected $1103 level, where both the chartreuse (green) fib cluster with the aqua fib from the daily chart.

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