XAUUSD breaking out of ascending support line, potential drop!

١ يونيو ٢٠١٨

XAUUSD has made a slight breakout of its ascending support line. If it breaks past its 1st support at 1297 (38.2% Fibonacci retracement, horizontal overlap support), it could be a confirmation of a further move downwards to its major support at 1288 (76.4% Fibonacci retracement, horizontal swing low support).
RSI (34) is being held up by the same ascending support line where a break out could contribute to our bearish bias.

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