XAUUSD Testing Resistance, Potential Reversal
XAUUSD is testing its resistance at 1290.02 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 1267.70 (38.2% Fibonacci retracement, horizontal pullback 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.