XAUUSD Testing Resistance, Potential Reversal
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.
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop may occur.
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