XAUUSD Approaching Resistance, Potential Reversal
XAUUSD is approaching its resistance at 1228.7 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1218.4 (61.8% Fibonacci retracement, horizontal swing high support). Stochastic (55, 5, 3) is approaching its resistance at 92% where a corresponding reversal could occur.
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