Are we before a serious price correction for the #gold#XAUUSD
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The gold at a resistance line of Fibonacci 0.78, although this resistance line can be broken, it should be taken into account that this does not happen easily. The Stochastic crosses a landline and is above the 80 line, the previous 2 times the gold was in this area (80) the gold fell on average 200 points. The RSI has risen to 75 points, which is usually indicative of Overbought and a marked trend change Our recommendation is= sell Target: 1600