XAUUSD bounced off its support, potential to rise further!
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.
Stochastic (21, 5, 3) bounced nicely off its support at 10.2% where a corresponding rise could occur.
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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.