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XAUUSD Testing Resistance, Potential Reversal

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
ICmarkets Broker  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis XAUUSD XAU USD GBP CAD aud NZD chf
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trendanalysis chartpattern waveanalysis xauusd xau usd gbp cad aud nzd chf
XAUUSD is approaching its resistance at 1212.28 (61.8% Fibonacci extension, 38.2% Fibonacci retracement x3, horizontal overlap resistance) where it could potentially reverse down to its support at 1198.37 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (34 5, 3) is approaching its resistance at 91% where a corresponding reversal could occur.
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