XAUUSD, H4 is breaking above our Pivot, potential for a rise.
Description
Price is breaking above our Pivot point at 1835.80, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1850.31, which is in line with -27% fibonacci retracement.
Pivot: 1835.80
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1826.78
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1850.31
Why we like it:
-27% fibonacci retracement.
Trading FX & CFDs carries high risk.
Price is breaking above our Pivot point at 1835.80, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1850.31, which is in line with -27% fibonacci retracement.
Pivot: 1835.80
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1826.78
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1850.31
Why we like it:
-27% fibonacci retracement.
Trading FX & CFDs carries high risk.
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.
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.