XAUUSD reversed from resistance, potential drop!
XAUUSD reversed off its resistance at 1767.712 where it could potentially drop further to 1666.854.
Price is approaching our first resistance, in line with our 127.2% fibonacci retracement and 100% fibonacci extension where we could see a drop to our first support level . Stochastic is approaching resistance as well where we might see a reversal below this level.
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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.