XAU/USD Approaching Resistance, Prepare For A Reversal

XAU/USD is approaching its resistance at 1228.7 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1218.4 (61.8% Fibonacci retracement, horizontal swing high support).

Stochastic (55, 5, 3) is approaching its resistance at 92% where a corresponding reversal is expected.

XAU/USD is approaching its resistance where we expect to see a reversal.

Sell below 1228.7. Stop loss 1237.6. Take profit at 1218.4.

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