XAUUSD approaching resistance, potential drop!

٢ يناير ٢٠١٩

XAUUSD is approaching our first resistance at 1288.99 (horizontal pullback resistance, 100% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1266.85 (horizontal pullback support, 23.6% fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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