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XAUUSD Testing Resistance, Potential Reversal

Por ICmarkets
Corretora
XAUUSD is testing its resistance at 1287.98 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it may reverse to its support at 1256.55 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop may occur.
Chart PatternsHarmonic PatternsTrend AnalysisUSDXAUXAUUSDxauusdlongxauusdshort
ICmarkets
Corretora
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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