#XAUUSD bounced from our Pivot point, potential for a rise.
Description
Price bounced from our Pivot point at 1852.03 which is in line with our 38.2%, 61.8%, 38.2% and 61.8% Fibonacci retracement. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1888.57, which is in line with 50%, -27%, -27% and 127% fibonacci retracement. It is worth noting that MACD line is above 0, which is in line with our bullish view.
Pivot: 1852.03
Why we like it:
38.2%, 61.8%, 38.2% and 61.8% Fibonacci retracement
1st Support: 1824.15
Why we like it:
78.6% fibonacci retracement, 127% and 127% fibonacci extension
1st Resistance: 1888.57
Why we like it:
50%, -27%, -27% and 127% fibonacci retracement
Trading FX & CFDs carries high risk.
Price bounced from our Pivot point at 1852.03 which is in line with our 38.2%, 61.8%, 38.2% and 61.8% Fibonacci retracement. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1888.57, which is in line with 50%, -27%, -27% and 127% fibonacci retracement. It is worth noting that MACD line is above 0, which is in line with our bullish view.
Pivot: 1852.03
Why we like it:
38.2%, 61.8%, 38.2% and 61.8% Fibonacci retracement
1st Support: 1824.15
Why we like it:
78.6% fibonacci retracement, 127% and 127% fibonacci extension
1st Resistance: 1888.57
Why we like it:
50%, -27%, -27% and 127% fibonacci retracement
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.