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Gold Spot / U.S. Dollar
Short

XAUUSD Approaching Resistance, Potential Reversal

By ICmarkets
Broker
XAUUSD is approaching its resistance at 1298.25 (100% Fibonacci extension, horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (Horizontal overlap support).

Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
audCADChart PatternsEURGBPHarmonic PatternsjpyNZDTrend AnalysisUSDXAUXAUUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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