XAUUSD reversed nicely off resistance, potential to drop!
XAUUSD tested its resistance at 1318 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where price could potentially fall further to its support at 1310 (50%, 50% & 76.4% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed nicely off its resistance at 94% where a corresponding drop down could occur.
Stochastic (55, 5, 3) reversed nicely off its resistance at 94% where a corresponding drop down could occur.
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