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28sep21

#XAUUSD possible short-term bounce before further downsidePrice may have a short-term bounce to pivot level at 1,774.50, in-line with 38.2% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap resistance. The price could potentially drop towards support at 1,720.30, in-line with 100% Fibonacci retracement level, 161.8% Fibonacci extension level and swing low support. RSI still indicating a possible bullish momentum before facing bearish pressure. Alternatively, price may break above pivot to resistance at 1786.15 , in-line with 50% Fibonacci retracement level and 100% Fibonacci extension level. Pivot: 1,774.50 Why we like it: 38.2% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap resistance 1st Support: 1,720.30 100% Fibonacci retracement level, 161.8% Fibonacci extension level and swing low support 1st Resistance: 1786.15 50% Fibonacci retracement level and 100% Fibonacci extension level Trading FX & CFDs carries high risk
SAXO:XAUUSDShort
by VantageMarkets
#NZDUSD is at pivot, potential for bounce!Price is reacting above pivot level at 0.69765, in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 0.70715, in-line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance. Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Pivot: 0.69765 Why we like it: 50% Fibonacci retracement and 61.8% Fibonacci extension level 1st Support: 0.69450 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Resistance: 0.70715 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets