XAUUSD reversed off its resistance at 1767.712 where it could potentially drop further to 1666.854.
Price is approaching our first resistance, in line with our 127.2% fibonacci retracement and 100% fibonacci extension where we could see a drop to our first support level . Stochastic is approaching resistance as well where we might see a reversal below this level.
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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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