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XAUUSD near key resistance, could possibly drop

Por Tickmill
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XAUUSD reversed off our first resistance at 1291.78 (61.8% Fibonacci extension,61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 1266.86(horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement).

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Chart PatternsforexsignalsHarmonic PatternsTrend AnalysisUSDXAUXAUUSD
Tickmill
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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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