XAUUSD, H4 is bouncing from our Pivot, potential for a rise.
Description
Price is bouncing from our Pivot point at 1771.26 which is in line with 23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1801.26 which is in line with 88% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance.
Pivot: 1771.26
Why we like it:
23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1743.9
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal swing low support
1st Resistance: 1801.26
Why we like it:
88% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 1771.26 which is in line with 23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1801.26 which is in line with 88% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance.
Pivot: 1771.26
Why we like it:
23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1743.9
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal swing low support
1st Resistance: 1801.26
Why we like it:
88% fibonacci retracement, 100% fibonacci extension and horizontal swing high 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.