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Or / Dollar Américain
Long

XAUUSD bounced off its support, potential to rise further!

Par ICmarkets
Courtier
XAUUSD bounced nicely off its support at 1340 (50% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its 1st resistance at 1355 (100% Fibonacci extension, Elliot wave structure). If it surpasses this level, it could rise to its next resistance at 1360 (100% Fibonacci extension, horizontal swing high resistance). We have also identified another support level at 1336 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, 61.8% Fibonacci retracement).
Stochastic (21, 5, 3) bounced nicely off its support at 10.2% where a corresponding rise could occur.
Bitcoin (Cryptocurrency)Chart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSDXAUXAUUSDxauusdlongxauusdshort
ICmarkets
Courtier
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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