XAUUSD has reversed from our Pivot point, potential for a furth
Description
Price has reversed from our Pivot point at 1807.16, which is in line with our 78.6% Fibonacci retracement, 61.8%, 127% fibonacci extension, and descending trendline resistance. We could potentially see price drop from our Pivot point towards our 1st support level at 1775.42, which is in line with a fibonacci confluence. Its noteworthy price is trending under the descending trendline, in line with our bearish analysis.
Pivot: 1807.16
Why we like it:
78.6% Fibonacci retracement, 61.8%, 127% fibonacci extension, and descending trendline resistance.
1st Support: 1775.42
Why we like it:
78.6%, -27% fibonacci retracement, 100% fibonacci extension and Horizontal graphical swing low support
1st Resistance: 1822.65
Why we like it:
127%, -27%, -68% fibonacci retracement, 100%, 200% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point at 1807.16, which is in line with our 78.6% Fibonacci retracement, 61.8%, 127% fibonacci extension, and descending trendline resistance. We could potentially see price drop from our Pivot point towards our 1st support level at 1775.42, which is in line with a fibonacci confluence. Its noteworthy price is trending under the descending trendline, in line with our bearish analysis.
Pivot: 1807.16
Why we like it:
78.6% Fibonacci retracement, 61.8%, 127% fibonacci extension, and descending trendline resistance.
1st Support: 1775.42
Why we like it:
78.6%, -27% fibonacci retracement, 100% fibonacci extension and Horizontal graphical swing low support
1st Resistance: 1822.65
Why we like it:
127%, -27%, -68% fibonacci retracement, 100%, 200% fibonacci extension and horizontal swing high resistance.
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.
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.