#XAUUSD, H4 has bounced from our Pivot, potential for a rise.
Description
Price is above our Pivot point at 1872.45, which is in line with 61.8% fibonacci retracement and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1896.91, which is in line with -27% fibonacci retracement and 88% fibonacci extension. It's worth noting that price is above the Ichimoku cloud support, in line with our bullish analysis.
Pivot: 1872.45
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Support: 1853.52
Why we like it:
100%, 127% fibonacci extension and horizontal swing low.
1st Resistance: 1896.91
Why we like it:
-27% fibonacci retracement and 88% fibonacci extension
Trading FX & CFDs carries high risk.
Price is above our Pivot point at 1872.45, which is in line with 61.8% fibonacci retracement and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1896.91, which is in line with -27% fibonacci retracement and 88% fibonacci extension. It's worth noting that price is above the Ichimoku cloud support, in line with our bullish analysis.
Pivot: 1872.45
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Support: 1853.52
Why we like it:
100%, 127% fibonacci extension and horizontal swing low.
1st Resistance: 1896.91
Why we like it:
-27% fibonacci retracement and 88% fibonacci extension
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.