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dhamirramz
3. Apr. 2018 08:07

XAUUSD SHORT Short

Gold/U.S. DollarFXCM

Beschreibung

XAUUSD has reacted off its resistance at 1341.91 (horizontal overlap resistance, 61.8% Fibonacci retracement , price action). A strong reaction might occur at this level pushing price down to our major support at 1328.43 (horizontal pullback support, 76.4% Fibonacci retracement ).

RSI is also reacting off its major resistance at 97%, a good precursor of a potential drop in price.

Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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