XAUUSD reacted off resistance, potential drop!
Actualizado
XAUUSD has reacted off its resistance at 1341.91 (horizontal overlap resistance, 61.8% Fibonacci retracement, price action). A strong reaction might occur at this level pushing price down to our major support at 1328.43 (horizontal pullback support, 76.4% Fibonacci retracement).
Stochastic (21,5,3) is also reacting off its major resistance at 97%, a good precursor of a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Stochastic (21,5,3) is also reacting off its major resistance at 97%, a good precursor of a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Operación cerrada: objetivo alcanzado
caught the drop nicely to our major support!! hope you manage to ride the wave down!
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