XAUUSD Breaking Resistance? 08.06.2023

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XAUUSD Breaking Resistance? 08.06.2023 by BDSwiss_Academy on TradingView.com

XAUUSD has moved rapidly downwards yesterday after 17:00 (GMT+3) when the USD appreciated greatly.

It has not yet fully retraced to the expected 61.8 FE level after finding significant support.

As indicated on the chart, breaking the resistance is essential for a confirmation of a further retracement back to the 30-period MA.

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