XAUUSD Approaching Resistance, Potential Reversal!
XAUUSD is approaching its resistance at 1322.33 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1312.39 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
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