XAUUSD reacted off resistance, potential drop!

3 апр. 2018 г.

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).

Stochastic (21,5,3) 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.

5 апр. 2018 г.

Сделка закрыта: достигнута тейк-профит цена

caught the drop nicely to our major support!! hope you manage to ride the wave down!