XAUUSD is bouncing from our Pivot, potential for a rise.
Description
Price is bouncing from our Pivot point at 1730.79 which is in line with our 78.6% Fibonacci retracement, 38.2% and 50% fibonacci extension. We could potentially see a rise from our Pivot point towards our 1st Resistance level at 1751.65, which is in line with -61.8% fibonacci retracement, 78.6% fibonacci extension and descending trendline resistance.
Pivot: 1730.79
Why we like it:
78.6% Fibonacci retracement, 38.2% and 50% fibonacci extension
1st Support: 1716.80
Why we like it:
161.8% fibonacci retracement and 88% fibonacci extension
1st Resistance: 1751.65
Why we like it:
-61.8% fibonacci retracement, 78.6% fibonacci extension and descending trendline resistance.
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 1730.79 which is in line with our 78.6% Fibonacci retracement, 38.2% and 50% fibonacci extension. We could potentially see a rise from our Pivot point towards our 1st Resistance level at 1751.65, which is in line with -61.8% fibonacci retracement, 78.6% fibonacci extension and descending trendline resistance.
Pivot: 1730.79
Why we like it:
78.6% Fibonacci retracement, 38.2% and 50% fibonacci extension
1st Support: 1716.80
Why we like it:
161.8% fibonacci retracement and 88% fibonacci extension
1st Resistance: 1751.65
Why we like it:
-61.8% fibonacci retracement, 78.6% fibonacci extension and descending trendline resistance.
Trading FX & CFDs carries high risk.
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.