TitleBCOUSD H4 | Bearish reversal from 38.2% Fibo resistanceTypeBearish ReversalPreference:Price has reversed from the pivot point of 83.451 which is a pullback resistance that aligns close to the 38.
Main scenario: consider long positions above the level of 1903.00 with a target of 2022.28 – 2059.86 once a correction formed. Alternative scenario: breakout and consolidation below the level of 1903.
XAU/USD prices are testing towards the downside on Friday, edging towards $1,930 after yesterday's hawkish comments from Federal Reserve (Fed) Chairman Jerome Powell, who suggested that the Fed m
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