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Gold Spot / U.S. Dollar
Short

XAUUSD testing resistance, potential further reversal!

By ICmarkets
Broker
XAUUSD has reversed nicely off its resistance at 1337 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it has the potential to fall to its support at 1319 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support). We have also identified another resistance at 1347 (100% Fibonacci extension, horizontal swing high resistance).
Stochastic (34, 5, 3) made a corresponding reversal off its resistance at 94%.
Bitcoin (Cryptocurrency)Chart PatternsdollarForexforexsignalsGoldHarmonic PatternsTrend AnalysisUSDXAUXAUUSD
ICmarkets
Broker
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.
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