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    XAU/USD: Fibonacci analysis on 20.11.2015

    The price is likely to continue moving up.

    On the 4-hour chart, the price rebounded from the level of 1067.10 and is heading to 1093.87 (23.6% correction). The crossover of this level with the 23.6% arc and the 38.2% fan line is seen as the key area where the price may turn down and start declining along the 23.6% arc back to 1067.10.

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