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XAUUSD approaching 1st resistance, potential for reversal!

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Ouro/Dólar Americano (FOREXCOM:XAUUSD)  
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FOREXCOM:XAUUSD   Ouro/Dólar Americano
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD Gold xauusdshort goldshort
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trendanalysis harmonicpatterns chartpattern xauusd gold xauusdshort goldshort
Price is approaching 1st resistance, in line with 61.8%, 161.8% Fibonacci retracement, 50% Fibonacci extension and horizontal swing high resistance. We could see a reversal and further downside towards 1st support, in line with 61.8%, 161.8% FIbonacci extension and horizontal swing low support. Stochastics is also testing resistance where price has reversed at before, showing signs of bearish pressure.

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