XAUUSD Approaching Resistance, Potential Reversal
XAUUSD is approaching its resistance at 1208 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could reverse to its support at 1197 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 96% where it a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching resistance at 96% where it a corresponding reversal could occur.
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