XAUUSD reversed nicely off its resistance, potential drop!
XAUUSD reversed nicely off its resistance at 1325 (100% Fibonacci extension, 61.8% Fibonacci retracement) where it could potentially drop further to its support at 1316 (L T 38.2% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing low support).
Stochastic (34, 5, 3) reversed off its resistance at 92% where it still has a lot of downside potential.
Stochastic (34, 5, 3) reversed off its resistance at 92% where it still has a lot of downside potential.
Trade closed: target reached
Nice! Profit target reached!
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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.