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Gold Spot / U.S. Dollar
Short

XAUUSD reversed from resistance, potential drop!

By Tickmill
Broker

XAUUSD reversed off its resistance at 1767.712 where it could potentially drop further to 1666.854.
Price is approaching our first resistance, in line with our 127.2% fibonacci retracement and 100% fibonacci extension where we could see a drop to our first support level . Stochastic is approaching resistance as well where we might see a reversal below this level.
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Chart PatternsHarmonic PatternsTrend AnalysisXAUUSDxauusd4hxauusdanalysisxauusdbuyxauusdlongxauusdsellxauusdshortxauusdsignalxauusdupdates
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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