XAUUSD Approaching Resistance, Potential Reversal

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is approaching its resistance at 1234.2 (61.8% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1215.8 (50% 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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