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XAUUSD approaching resistance, potential drop!

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
easyMarkets Broker  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD XAU USD xauusdlong xauusdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern xauusd xau usd xauusdlong xauusdshort forex forextrading forexsignals
Price is approaching our first resistance (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a drop in price to our major support (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic is reversing off resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.



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