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

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Forex Analysis:::2020-05-06T02:52:45

XAU/USD approaching resistance, potential drop!

XAU/USD approaching resistance, potential drop!

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

Analyst InstaForex
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