ICmarkets
Short

XAUUSD Approaching Resistance, Potential Reversal

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is approaching its resistance at 1236 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support 1211 (100% Fibonacci extension , 23.6% Fibonacci retracement , horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
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Comments

Hi sir, thanks for the good analysis on XAUUSD. Do you use any fibonacci in your analysis?
+3 Reply
ICmarkets has one of the best analysis on XAUUSD on tradingview me feels.
+1 Reply
thx my good sir, i am always a willing student...
+1 Reply
The same my idea.
+1 Reply
Thx for the analysis
+1 Reply
Here my contribution. Thank you for sharing.
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My vision.
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Who cares gold price? people buying paper gold is plain idiots, and those who buy gold dont care price until fiat collapse :D then they caa buy cities.
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