XAUUSD is approaching our Pivot point, potential for a drop
Description
Price is approaching our Pivot point at 1764.45, which is in line with our 78.6%, 50%, 88% Fibonacci retracement, 78.6% fibonacci extension, and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 1732.19, which is in line with a fibonacci confluence. Its noteworthy price is trending under the moving average, in line with our bearish analysis.
Pivot: 1764.45
Why we like it:
78.6%, 50%, 88% Fibonacci retracement, 78.6% fibonacci extension, and horizontal graphical overlap
1st Support: 1732.19
Why we like it:
161.8% fibonacci retracement, 127% fibonacci extension and Horizontal graphical swing low support
1st Resistance: 1787.42
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1764.45, which is in line with our 78.6%, 50%, 88% Fibonacci retracement, 78.6% fibonacci extension, and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 1732.19, which is in line with a fibonacci confluence. Its noteworthy price is trending under the moving average, in line with our bearish analysis.
Pivot: 1764.45
Why we like it:
78.6%, 50%, 88% Fibonacci retracement, 78.6% fibonacci extension, and horizontal graphical overlap
1st Support: 1732.19
Why we like it:
161.8% fibonacci retracement, 127% fibonacci extension and Horizontal graphical swing low support
1st Resistance: 1787.42
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal swing high 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.