XAUUSD approaching resitsance, potential drop!
Price is approaching our first resistance (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where we might see a drop below this level to our first support level (horizontal pullback support, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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