We are bullish above 0.9850 support (long-term gold ratio retracement, price action) for a bounce to at least 0.9958 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is seeing strong support above 6%.

Buy above 0.9850. Set stop loss at 0.9825 and take profit at 0.9958.

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The material has been provided by InstaForex Company – www.instaforex.com

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