XAUUSD Approaching Resistance, Potential For A Reversal!
XAUUSD is approaching its resistance at 1265 (100%, 61.8% Fibonacci extension, 76.4%, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could reverse back down to its support at 1247 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) reversed off its resistance at 97% where it could potentially rise up to before dropping back down.
Stochastic (89, 5, 3) reversed off its resistance at 97% where it could potentially rise up to before dropping back down.
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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.