XAUUSD testing our Pivot point, potential for a rise.
Description
Price is testing our Pivot point at 1895.97 which is in line with our 78.6% Fibonacci retracement, 50%, 78.6% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1908.10, which is in line with 78.6% Fibonacci extension and 127% fibonacci retracement. It is worth noting that price is trending above the Ichimoku cloud and Ascending trendline support, in line with our bullish analysis.
Pivot: 1895.97
Why we like it:
78.6% Fibonacci retracement, 50%, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1887.29
Why we like it:
50%, 61.8% Fibonacci retracement and horizontal graphical overlap.
1st Resistance: 1908.10
Why we like it:
127% Fibonacci extension, 78.6% fibonacci retracement and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1895.97 which is in line with our 78.6% Fibonacci retracement, 50%, 78.6% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1908.10, which is in line with 78.6% Fibonacci extension and 127% fibonacci retracement. It is worth noting that price is trending above the Ichimoku cloud and Ascending trendline support, in line with our bullish analysis.
Pivot: 1895.97
Why we like it:
78.6% Fibonacci retracement, 50%, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1887.29
Why we like it:
50%, 61.8% Fibonacci retracement and horizontal graphical overlap.
1st Resistance: 1908.10
Why we like it:
127% Fibonacci extension, 78.6% fibonacci retracement 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.