XAU/USD is approaching its resistance at 1228.7 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1218.4 (61.8% Fibonacci retracement, horizontal swing high support).
Stochastic (55, 5, 3) is approaching its resistance at 92% where a corresponding reversal is expected.
XAU/USD is approaching its resistance where we expect to see a reversal.
Sell below 1228.7. Stop loss 1237.6. Take profit at 1218.4.
