XAUUSD Approaching Resistance, Potential Reversal!
XAUUSD is approaching its resistance at 1311.36 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1298.14 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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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.