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XAUUSD Approaching Resistance, Potential Reversal

Oleh ICmarkets
Broker
XAUUSD is approaching its resistance at 1239.73 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1213.26 (50% Fibonacci retracement, horizontal swing low support).

Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
audCADChart PatternschfEURGBPHarmonic PatternsNZDTrend AnalysisUSDXAUXAUUSD
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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