XAUUSD approaching resistance, potential drop!
XAUUSD is approaching our first resistance at 1214.20 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong drop might occur pushing price down to our major support at 1203.35 (horizontal overlap pullback support, 38.2% Fibonacci retracement).
Stochastic
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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