XAUUSD approaching resistance, potential drop!

2018년 5월 11일

Price is approaching our first resistance at 1325.87 (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level, pushing price down to our major support at 1302.72 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our major resistance where a reaction off this level might be a good precursor for a potential drop in price.
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