ICmarkets
Short

XAUUSD Approaching Resistance, Potential Reversal

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is approaching its resistance at 1298.25 (100% Fibonacci extension , horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (Horizontal overlap support).

Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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