XAUUSD bounced from our Pivot point, potential for a rise.
Description
Price has bounced from our Pivot point at 1835.13 which is in line with our 61.8%, 88% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1854.17, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and descending trendline resistance. It is worth noting that price is within a squeezing triangle by trending above and below opposite trendlines.
Pivot: 1835.13
Why we like it:
61.8%, 88% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1824.38
Why we like it:
78.6% fibonacci retracement, 100%fibonacci extension and horizontal swing low.
1st Resistance: 1854.17
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 1835.13 which is in line with our 61.8%, 88% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1854.17, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and descending trendline resistance. It is worth noting that price is within a squeezing triangle by trending above and below opposite trendlines.
Pivot: 1835.13
Why we like it:
61.8%, 88% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1824.38
Why we like it:
78.6% fibonacci retracement, 100%fibonacci extension and horizontal swing low.
1st Resistance: 1854.17
Why we like it:
61.8% fibonacci retracement, 61.8% 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.