XAUUSD is seeing major support above 1285 ( Fibonacci retracement , fibonacci extension , bullish divergence ) and a strong bounce could occur at this level to push prices all teh way up to major resistance at 1302 ( Fibonacci retracement , fiubonacci extension, horizontal pullback resistance).
Stochastic (55,5,3) also sees major support above 2.7% where a corresponding bounce could occur. We can also see bullish divergence vs price signalling that a bounce could be impending.
Stochastic (55,5,3) also sees major support above 2.7% where a corresponding bounce could occur. We can also see bullish divergence vs price signalling that a bounce could be impending.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.