XAUUSD near resistance, could possibly drop
Price is approaching its 1st resistance (horizontal swing high resistance) where it is expected to reverse down to its support (Horizontal overlap support,38.2% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results