XAUUSD Approaching Resistance, Potential Reversal
XAUUSD is approaching its resistance at 1208 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could reverse to its support at 1197 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 96% where it a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching resistance at 96% where it a corresponding reversal could occur.
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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.