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XAUUSD approaching resistance, potential drop!

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Tickmill 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
EURUSD is approaching our first resistance at 1234.00 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where a strong drop might occur pushing price down to our major support at 1222.44 (61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance we might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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