Get started

16sep21

#XAUUSD is consolidating above pivot, potential for upside!Price is consolidating above pivot level at 1,786.50 which is in line with 38.2% Fibonacci retracement level, 161.8% Fibonacci extension level and horizontal overlap support. The price could potentially swing towards resistance at 1,832.20 which coincides with 100% Fibonacci retracement level, 61.8% Fibonacci extension level and horizontal overlap resistance. MACD also indicating bullish momentum for further upside. Alternatively, price may drop to our support at 1764.00 , which is in-line with 61.8% Fibonacci retracement level and 200% Fibonacci extension level. Pivot: 1,786.50 Why we like it: 38.2% Fibonacci retracement level, 161.8% Fibonacci extension level and horizontal overlap support 1st Support: 1764.00 61.8% Fibonacci retracement level and 200% Fibonacci extension level 1st Resistance: 1,832.20 100% Fibonacci retracement level, 61.8% Fibonacci extension level and horizontal overlap resistance Trading FX & CFDs carries high risk
SAXO:XAUUSDLong
by VantageMarkets
NZDUSD consolidating sideways, potential for bounce!Price is reacting above pivot level at 0.70850, in-line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and 50MA. Price could potentially swing towards resistance at 0.71700 which coincides with 100% Fibonacci retracement level and 127.2% Fibonacci extension level. Stochastic is also at ascending trendline support for further upside. Alternatively, price could potentially drop to support level at 0.70240 which coincides with 38.2% Fibonacci retracement level and 100% Fibonacci extension level. Pivot: 0.70920 Why we like it: 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and 50MA 1st Support: 0.70240 38.2% Fibonacci retracement level and 100% Fibonacci extension level 1st Resistance: 0.71700 100% Fibonacci retracement level and 127.2% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets