XAUUSD Testing Support, Potential Bounce!
XAUUSD is testing its support at 1266 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 1294 (100% Fibonacci extension, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support at 2.8% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching support at 2.8% where a corresponding bounce could occur.
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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.