XAUUSD near key resistance, could possibly drop
XAUUSD is approaching its resistance at 1291.78(61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 1270.58(50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.