XAUUSD testing support, potential rise!
XAUUSD is testing our first support at 1288.77 (horizontal overlap support, 61.8% Fibonacci retracement) where it could potentially rise to our resistance at 1303.31 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching our major support where a bounce off this level could see a corresponding rise in price.
Stochastic (89,5,3) is also approaching our major support where a bounce off this level could see a corresponding rise in price.
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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.