ICmarkets
Short

XAUUSD Testing Resistance, Potential Reversal

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is testing its resistance at 1287.98 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap resistance) where it may reverse to its support at 1256.55 (38.2% Fibonacci retracement ).
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop may occur.
Get real-time trading updates at our official Telegram group : https://t.me/ICMarketsroom

Comments

First resistance is 1294$. Second one stronger one is 1346$
+1 Reply
There is no any resistance at your marked position.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out