XCUUSD facing bearish pressure from 1st resistance !
Price is facing bearish pressure from our first resistance, in line with our 61.8% fibonacci retracement and 76.4% fib retracement, where we could see a reversal below this level. Take note that our 20 period EMA and Ichimoku cloud are showing signs of bullish pressure as well.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results