XAUUSD approaching key resistance, potential for further drop!
Price is facing bearish pressure from our first resistance at 1282.78 (38.2% Fibonacci retracement, Horizontal pullback resistance, 61.8% Fibonacci extension) where we can expect a further drop to our major support level at 1266.66 (100% Fibonacci extension, Horizontal swing low support).
Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic is also approaching resistance.
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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