XAUUSD (Gold) approaching resistance, potential reaction!

Short

Or / Dollar Américain (FX:XAUUSD)

FX:XAUUSD Or / Dollar Américain

trendanalysis harmonicpatterns chartpattern xauusd xau usd forex forexsignals gold silver xag xagusd

XAUUSD bounced perfectly to reach our resistance target. We now see major resistance at 1304 (Fibonacci retracement, horizontal overlap resistance, descending resistance, Fibonacci extension, ichimoku cloud) and a strong reaction could occur at this level to push prices all the way down to major support at 1284 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.

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