XAUUSD Approaching Support, Potential Bounce!
XAUUSD is approaching its support at 1267.64 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1285.80 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.