XAUUSD Approaching Resistance, Potential Reversal
XAUUSD is approaching its resistance at 1240.22 (61.8% Fibonacci extension, 38.2% & 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1212.82 (61.8% Fibonacci extension, 61.8% 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.