XAUUSD, H4 is approaching our Pivot, potential for a drop.
Description
Price is approaching our Pivot point at 1739.66 which is in line with 61.8% fibonacci retracement, 127% fibonacci extension, moving average resistance and horizontal graphical overlap. We could potentially see a drop from our Pivot point towards our 1st support level at 1722.53 which is in line with -27% fibonacci retracement, 88%, 100% fibonacci extension and horizontal swing low support. It's noteworthy that price is trending under the moving average, in line with our bearish analysis.
Pivot: 1739.66
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension, moving average resistance and horizontal graphical overlap
1st Support: 1722.53
Why we like it:
-27% fibonacci retracement, 88%, 100% fibonacci extension and horizontal swing low support
1st Resistance: 1746.87
Why we like it:
61.8% fibonacci retracement, 200% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1739.66 which is in line with 61.8% fibonacci retracement, 127% fibonacci extension, moving average resistance and horizontal graphical overlap. We could potentially see a drop from our Pivot point towards our 1st support level at 1722.53 which is in line with -27% fibonacci retracement, 88%, 100% fibonacci extension and horizontal swing low support. It's noteworthy that price is trending under the moving average, in line with our bearish analysis.
Pivot: 1739.66
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension, moving average resistance and horizontal graphical overlap
1st Support: 1722.53
Why we like it:
-27% fibonacci retracement, 88%, 100% fibonacci extension and horizontal swing low support
1st Resistance: 1746.87
Why we like it:
61.8% fibonacci retracement, 200% fibonacci extension 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.