XAUUSD is approaching our Pivot point, potential for a drop.
Description
Price is approaching our Pivot point at 1801.64, which is in line with our 78.6%, -27% Fibonacci retracement, 61.8%, 78.6% fibonacci extension, and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 1771.16, which is in line with 127% fibonacci retracement, 100% and 161.8% fibonacci extension. Its noteworthy price is trending under the descending trendline, in line with our bearish view.
Pivot: 1801.64
Why we like it:
78.6%, -27% Fibonacci retracement, 61.8%, 78.6% fibonacci extension, and horizontal graphical overlap
1st Support: 1771.16
Why we like it:
127% fibonacci retracement, 100% and 161.8% fibonacci extension
1st Resistance: 1812.32
Why we like it:
61.8% fibonacci retracement, 50% fibonacci extension and horizontal graphical overlap resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1801.64, which is in line with our 78.6%, -27% Fibonacci retracement, 61.8%, 78.6% fibonacci extension, and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 1771.16, which is in line with 127% fibonacci retracement, 100% and 161.8% fibonacci extension. Its noteworthy price is trending under the descending trendline, in line with our bearish view.
Pivot: 1801.64
Why we like it:
78.6%, -27% Fibonacci retracement, 61.8%, 78.6% fibonacci extension, and horizontal graphical overlap
1st Support: 1771.16
Why we like it:
127% fibonacci retracement, 100% and 161.8% fibonacci extension
1st Resistance: 1812.32
Why we like it:
61.8% fibonacci retracement, 50% fibonacci extension and horizontal graphical overlap resistance.
Trading FX & CFDs carries high risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.