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XAUUSD Approaching Resistance, Potential For A Reversal!

Oleh ICmarkets
Broker
XAUUSD is approaching its resistance at 1265 (100%, 61.8% Fibonacci extension, 76.4%, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could reverse back down to its support at 1247 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) reversed off its resistance at 97% where it could potentially rise up to before dropping back down.
Chart PatternsForexforexsignalsGoldHarmonic PatternsTrend AnalysisUSDXAUXAUUSDxauusdshort
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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