FX.co - XAU/USD approaching resistance, potential drop!

2020-05-06T02:52:45

Relevance until2020-05-07

Trading Recommendation

Entry: 1710.14

Reason for Entry: Horizontal swing high resistance, 78.6% fibonacci retracement and descending trend line

Take Profit : 1688.25

Reason for Take Profit: Horizontal pullback support, 61.8% fibonacci retracement

Stop Loss: 1719.91

Reason for Stop loss:t 61.8% fibonacci extension, horizontal swing high resistance

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

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