XAU/USD Approaching Resistance, Prepare For Reversal
XAU/USD is approaching its resistance at 1316.81 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1311.71 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is nearing its resistance at 98% where a corresponding reversal is anticipated. XAU/USD is approaching its resistance where we expect to see a reversal.
Sell below 13... Read More ...
Jeff Wecker