XAUUSD reversed nicely off resistance, potential further drop!
XAUUSD reversed nicely off its resistance at 1307 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal swing high resistance) where price could potentially fall to its support at 1293 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed nicely off the resistance at 96% where a corresponding move down could occur.
Stochastic (55, 5, 3) reversed nicely off the resistance at 96% where a corresponding move down could occur.
交易結束：目標達成:
Whoo! Price plummeted perfectly!
Do check our signature to get access to our official telegram group where we'll be doing our best to provide real-time updates to our trading ideas!
Do check our signature to get access to our official telegram group where we'll be doing our best to provide real-time updates to our trading ideas!
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.