Klimex
Short

XAUUSD Approaching Resistance, Potential Reversal

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is approaching its resistance at 1240.22 (61.8% Fibonacci extension , 38.2% & 76.4% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 1212.82 (61.8% Fibonacci extension , 61.8% 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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