XAUUSD: Rising Towards Overlap Resistance😱Time To Short
Price broke out of a very strong support level yesterday to the downside.
As you can see, price is making a pullback to test the support turned resistance zone which also aligns with the 23.6% Fibonacci retracement level.
I believe a rejection from this zone could lead the price to drop to the 100% Fibonacci projection.
I'm bearish biased.
As you can see, price is making a pullback to test the support turned resistance zone which also aligns with the 23.6% Fibonacci retracement level.
I believe a rejection from this zone could lead the price to drop to the 100% Fibonacci projection.
I'm bearish biased.
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