XAUUSD approaching resistance, potential drop!

XAUUSD is approaching our first resistance at 1337.19 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1327.43 (horizontal overlap support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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