XAUUSD Approaching Resistance, Potential Reversal
XAUUSD is approaching its resistance at 1312.17 (61.8% Fibonacci extension, 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (23.6% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.