LONG XAUUSD approaching its support, potential reversal could o
XAUUSD is approaching its support at 1317.69 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) where a reversal could happen and price could potentially rise to its resistance area between 1336.67 (61.8% Fibonacci extension , 61.8% Fibonacci) and 1340.60 (61.8% Fibonacci retracement , horizontal swing high resistance). If price breaks past its 1st support, it could also fall to its support area at 1305.75 (100% Fibonacci extension , 100% Fibonacci extension , 100% Fibonacci extension , 61.8% Fibonacci extension , horizontal overlap support)
Stochastic (34, 5, 3) shows a corresponding approach to its support at 5.319% where a reaction could occur.
Stochastic (34, 5, 3) shows a corresponding approach to its support at 5.319% where a reaction could occur.
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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.