XAUUSD approaching support, potential bounce!
XAUUSD is approaching our first support at 1212.03 (horizontal swing low support, 23.6% Fibonacci retracement where a strong bounce might occur below this level pushing price up to our major resistance at 1233.42 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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