XCUUSD is facing pressure from trendline and 1st resistance
Price is facing bearish pressure from our first resistance, in line with our 61.8% fibonacci retracement, horizontal pullback resistance and 127.2% fibonacci extension where we could see a reversal below this level. Our 20 period EMA and Ichimoku cloud are showing signs of bearish pressure as well.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results