XAUUSD Approaching Support, Potential For A Bounce
XAUUSD is approaching its support at 1193 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1202 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off its support at 5.04% where a corresponding bounce could occur.
Stochastic (89, 5, 3) is bounced off its support at 5.04% where a corresponding bounce could occur.
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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.