#XAUUSD, H4 is reversing from our Pivot, potential for a drop.
Description
Price is testing our Pivot point at 1865.47, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see a drop from our Pivot point towards our 1st support level at 1842.66, which is in line with 127% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. It's worth noting that price is under the Ichimoku cloud, and MACD is under the 0-line, in line with our bearish analysis.
Pivot: 1865.47
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1842.66
Why we like it:
127% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 1886.76
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical swing high
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1865.47, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see a drop from our Pivot point towards our 1st support level at 1842.66, which is in line with 127% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. It's worth noting that price is under the Ichimoku cloud, and MACD is under the 0-line, in line with our bearish analysis.
Pivot: 1865.47
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1842.66
Why we like it:
127% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 1886.76
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical swing high
Trading FX & CFDs carries high risk.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.