XAUUSD approaching 1st resistance, potential for reversal!

Price is approaching 1st resistance, in line with 61.8%, 161.8% Fibonacci retracement, 50% Fibonacci extension and horizontal swing high resistance. We could see a reversal and further downside towards 1st support, in line with 61.8%, 161.8% FIbonacci extension and horizontal swing low support. Stochastics is also testing resistance where price has reversed at before, showing signs of bearish pressure.

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