logo

FX.co ★ XAU/USD approaching 1st resistance, potential drop !

XAU/USD approaching 1st resistance, potential drop !

XAU/USD approaching 1st resistance, potential drop !

Trading Recommendation

Entry: 1745.35

Reason for Entry: Horizontal swing low support

Take Profit :1642.36

See also: Start Forex trading with a European level broker!

Reason for Take Profit: 38.2% fibonacci retracement, 100% fibonacci extension

Stop Loss: 1775.63

Reason for Stop loss: 127% fibonacci extension

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account