XAUUSD is testing our Pivot, potential for a bullish breakout.
Description
Price is currently testing our Pivot point at 1731.29 which is in line with our 78.6% and 78.6% Fibonacci retracement. We could potentially see price show a bullish breakout and rise from our Pivot point towards our 1st Resistance level at 1765.37, which is in line with 61.8%, -27%, 127%, 161.8% fibonacci retracement, descending trendline resistance and horizontal graphical overlap.
Pivot: 1731.29
Why we like it:
78.6% and 78.6% Fibonacci retracement
1st Support: 1702.65
Why we like it:
127%, 61.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support.
1st Resistance: 1765.37
Why we like it:
61.8%, -27%, 127%, 161.8% fibonacci retracement, descending trendline resistance and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price is currently testing our Pivot point at 1731.29 which is in line with our 78.6% and 78.6% Fibonacci retracement. We could potentially see price show a bullish breakout and rise from our Pivot point towards our 1st Resistance level at 1765.37, which is in line with 61.8%, -27%, 127%, 161.8% fibonacci retracement, descending trendline resistance and horizontal graphical overlap.
Pivot: 1731.29
Why we like it:
78.6% and 78.6% Fibonacci retracement
1st Support: 1702.65
Why we like it:
127%, 61.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support.
1st Resistance: 1765.37
Why we like it:
61.8%, -27%, 127%, 161.8% fibonacci retracement, descending trendline resistance and horizontal graphical overlap
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.