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Gold is approaching resistance, potential reversal

Oleh Tickmill
Broker
Price is facing bearish pressure from our resistance, in line with our descending trend line, horizontal pullback resistance and 61.8% fibonacci retracement where we could see a reversal below this level. Stochastic is facing resistance from our resistance at 97.95 where we could see a reversal below this level as well.

Chart PatternsGoldgoldlonggoldshortHarmonic PatternsTrend Analysis
Tickmill
Broker
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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