XAUUSD reversed off its resistance at 1767.712 where it could potentially drop further to 1666.854.
We turned bearish as price is approaching first resistance, in line with our 127.2% fibonacci retracement and 100% fibonacci extension . Price is likely to reverse off 1st resistance towards 1st support. Stochastic is also showing signs of bearish pressure.
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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.