XAUUSD is above our Pivot point, potential for a rise
Description
Price is above our Pivot point at 1720.72 which is in line with our 50% Fibonacci retracement, 78.6% fibonacci extension, and horizontal graphical resistance. We could potentially see price rise from our Pivot point towards our 1st Resistance level at 1751.64, which is in line with a fibonacci confluence. Its noteworthy price is above the moving average, in line with our bullish analysis.
Pivot: 1720.72
Why we like it:
50% Fibonacci retracement, 78.6% fibonacci extension, and horizontal graphical overlap.
1st Support: 1705.15
Why we like it:
38.2% fibonacci retracement, 50% fibonacci extension and horizontal swing low support.
1st Resistance: 1751.64
Why we like it:
-68%, 88% fibonacci retracement, 100%, 127% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is above our Pivot point at 1720.72 which is in line with our 50% Fibonacci retracement, 78.6% fibonacci extension, and horizontal graphical resistance. We could potentially see price rise from our Pivot point towards our 1st Resistance level at 1751.64, which is in line with a fibonacci confluence. Its noteworthy price is above the moving average, in line with our bullish analysis.
Pivot: 1720.72
Why we like it:
50% Fibonacci retracement, 78.6% fibonacci extension, and horizontal graphical overlap.
1st Support: 1705.15
Why we like it:
38.2% fibonacci retracement, 50% fibonacci extension and horizontal swing low support.
1st Resistance: 1751.64
Why we like it:
-68%, 88% fibonacci retracement, 100%, 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.