XAUUSD Testing Resistance, Potential Reversal
XAUUSD is testing its resistance at 1287.98 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it may reverse to its support at 1256.55 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop may occur.
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.
Disclaimer
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.
Disclaimer
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.