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Or / Dollar Américain
Long

XAUUSD tested support, potential to rise further!

Par ICmarkets
Courtier
XAAUUSD is being held up by a long term and short term ascending support line. It tested its support at 1328 (61.8% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its 1st resistance at 1363 (61.8% Fibonacci extension, horizontal swing high resistance). We have also identified another support at 1342 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support).
RSI (55) shows it being held up by a corresponding ascending support line. Ichimoku cloud is showing signs of bullish pressure, in line with our bullish bias.
Bitcoin (Cryptocurrency)bitcoinforecastChart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSDXAUXAUUSDxauusdlong
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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