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Forex Trading Ideas: XAU/USD Price Fell Down These Past 2 Weeks After A Bearish Regular Divergence Trade Setup!

By

Jason Sweezey

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November 29, 2019

0

756

“Buy Low – Sell High!”

The XAU/USD had a bearish ‘Regular Divergence Trade Setup’ this week in the Forex Market. Giving Forex traders between one hundred and two hundred pips depending what your entry price was. However, using the ‘Fibonacci Measuring Tool’ we saw price bounce off of the 50% Fibonacci level. Then it smashed through the 62.8% And then down to the 78.6% Fibonacci retracement level. We have strong major support at 14.5180 and resistance at 14.6290.

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Gold Sells off in the last week and a half.

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Forex Trading Ideas: XAU/USD Price Fell Down These Past 2 Weeks After A Bearish Regular Divergence Trade Setup!

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