XAUUSD (Gold) testing major resistance, potential for a drop!
XAUUSD (Gold) is testing major resistance at 1304 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, descending resistance) and a strong drop could occur at this level to push prices all the way down to major support at 1288 (Fibonacci extension, Fibonacci retracement, horizontal swing low support).
RSI (89) is making a pullback to our resistance where a further reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is making a pullback to our resistance where a further reaction could occur.
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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