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XAUUSD 6 April 2023

XAUUSD 6 April 2023 on the H4 timeframe. after almost touching the 100.0 Fibo level yesterday, then there was a trend reversal towards the 61.8 Fibo level. if we refer to the stochastic and MFI indicators, we can see that the bullish trend will continue. Therefore a go-short position is an option. But we still have to be alert to the possibility of a bounce back due to oversold. Trade with your own risk.

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