XAUUSD approaching resistance, watch for breakout! för OANDA:XAUUSD av Tickmill

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XAUUSD is approaching our first resistance at 1208.76 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a breakout of this level might push price up to our major resistance at 1239.19 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement).
Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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