XAUUSD Approaching Resistance, Potential Reversal!
Updated
XAUUSD is approaching its resistance at 1307.84 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1297.82 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
Note
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