XAUUSD Approaching Support, Potential Bounce
XAUUSD is approaching its support at 1216.7 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1223.9 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
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