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Klimex
Jan 2, 2019 2:12 AM

XAUUSD Approaching Resistance, Potential Reversal Short

GoldOANDA

Description

XAUUSD is approaching its resistance at 1286.65 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 1242.90 (38.2% 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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