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Gold Spot / U.S. Dollar
Short

XAUUSD Testing Resistance, Potential Reversal

By ICmarkets
Broker
XAUUSD is testing its resistance at 1259 (61.8% & 23.6% Fibonacci retracement, horizontal swing high resistance) where we a reversal could occur, causing price to fall to its support at 1238 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 93% where a reversal could occur.
Chart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSDXAUXAUUSDxauusdshort
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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