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XAU/USD Signal - USD Fed Rate Decision - 3 November 2021

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Signal Details
Entry Price: 
1786.99
Take Profit: 
1750.00
Stop Loss: 
1800.00
Direction: 
Sell
How we trade
Average: 5 (1 vote)

XAUUSD has rebounded from fibo resistance prior to the USD Federal Reserve Interest Rate Decision. Technically the pair is rebounding out of fibonacci resistance at the golden pocket, and we are looking for downside to continue into the fibonacci 61.8% extension.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.