XAUUSD Approaching Resistance, Potential Reversal!
XAUUSD is approaching its resistance at 1311.36 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1298.14 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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