XAUUSD on major support, potential bounce!
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.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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.