ICmarkets
Short

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.

Get real-time trading updates at our official Telegram group : https://t.me/ICMarketsroom
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out