XAUUSD approaching resistance, potential drop!

٣٠ نوفمبر ٢٠١٨

EURUSD is approaching our first resistance at 1234.00 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where a strong drop might occur pushing price down to our major support at 1222.44 (61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance we might see a corresponding drop in price.
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