Klimex
Short

XAUUSD Testing Resistance, Potential Reversal

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is testing its resistance at 1290.02 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse to its support at 1267.70 (38.2% Fibonacci retracement , horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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