XAU/USD is testing its resistance at 1287.98 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1256.55 (38.2% Fibonacci retracement) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop is expected.
XAU/USD is testing its resistance where we expect to see a reversal.
Sell below 1287.98. Stop loss at 1319.58. Take profit at 1256.55.
