XAUUSD near key resistance, could possibly drop
XAUUSD reversed off our first resistance at 1291.78 (61.8% Fibonacci extension,61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 1266.86(horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement).
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.