XAUUSD reacted off resistance, potential drop!
XAUUSD has reacted off its resistance at 1341.91 (horizontal overlap resistance, 61.8% Fibonacci retracement, price action). A strong reaction might occur at this level pushing price down to our major support at 1328.43 (horizontal pullback support, 76.4% Fibonacci retracement).
Stochastic (21,5,3) is also reacting off its major resistance at 97%, a good precursor of a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Stochastic (21,5,3) is also reacting off its major resistance at 97%, a good precursor of a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
交易結束：目標達成
caught the drop nicely to our major support!! hope you manage to ride the wave down!
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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