XAUUSD Approaching Support, Potential Bounce!
XAUUSD is approaching its support at 1283.90 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1296.27 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur.
Stochastic (89, 5, 3) is approaching its support at 2.3% 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.