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    XAU/USD: Fibonacci analysis on 02.10.2015

    A fall continuation is possible.

    On the 4-hour chart, the price broke down the level of 1122.00 (61.8% correction) and rapidly falling towards the start of the short-term uptrend at the level of 1102.40 (100% correction). Its breakdown would let the pair fall further. However, the daily chart seems more interesting.

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