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XAU/USD: Fibonacci analysis on 20.08.2015

Growth may continue.

The 4-hour chart shows a confident upward trend. The price reached weekly highs at 1140.40. At present, it corrected a little but will not reach the key levels any time soon. The daily chart presents more information. The price is testing the correction level and the 38.2% arc for the medium-term trend. 


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