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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.
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First resistance is 1294$. Second one stronger one is 1346$
+1 Reply
There is no any resistance at your marked position.
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