XAUUSD Testing Resistance, Potential Reversal
XAUUSD is testing its resistance at 1259 (61.8% & 23.6% Fibonacci retracement, horizontal swing high resistance) where we a reversal could occur, causing price to fall to its support at 1238 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 93% where a reversal could occur.
Stochastic (55, 5, 3) is approaching resistance at 93% where a reversal could occur.
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Disclaimer
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.