Get started
ICmarkets

XAUUSD reversed nicely off resistance, potential to drop!

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
ICmarkets Broker  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD XAU USD Gold Forex forexsignal Bitcoin (Cryptocurrency) BTCUSD bitcoinforecast
95
0
trendanalysis harmonicpatterns chartpattern xauusd xau usd gold forex forexsignal bitcoin btcusd bitcoinforecast
XAUUSD tested its resistance at 1318 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where price could potentially fall further to its support at 1310 (50%, 50% & 76.4% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed nicely off its resistance at 94% where a corresponding drop down could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.