XAU/USD Approaching Resistance, Prepare For Reversal
XAU/USD is approaching its resistance at 1314.84 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1309.24 (50% Fibonacci retracement, horizontal swing low support). 
Stochastic (89, 5, 3) is nearing its resistance at 97% where a corresponding reversal is anticipated. XAU/USD is approaching its resistance where we expect to see a reversal. 
Sell below 1... Read More...
            
                
                
                Jeff Wecker
                         