Gold price (XAU/USD) struggles to gain any meaningful traction during the Asian session on Wednesday and consolidates the previous day's downfall to the weekly low.
<p>By the middle of Monday’s GMT trading hours, the GBP/USD reached and bounced off the resistance of the 55-hour SMA and a 50.00% Fibonacci retracement level at 1.2420. In the near term f
<p>Pivot (invalidation): 1.3540 Our preference Long positions above 1.3540 with targets at 1.3595 & 1.3620 in extension. Alternative scenario Below 1.3540 look for further downside with 1.3
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