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Gold Spot / U.S. Dollar
Short

XAUUSD Approaching Resistance, Potential Reversal

By ICmarkets
Broker
XAUUSD is approaching its resistance at 1228.7 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1218.4 (61.8% Fibonacci retracement, horizontal swing high support). Stochastic (55, 5, 3) is approaching its resistance at 92% 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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