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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