XAUUSD approaching our Pivot point, potential for a bounce.
Description
Price is approaching our Pivot point at 1834.34 which is in line with our 61.8% Fibonacci retracement and ascending trendline support. We could potentially see price bounce from our Pivot point towards our 1st resistance level at 1848.97, which is in line with 61.8% Fibonacci extension and horizontal graphical resistance. It is worth noting that price is trending above an ascending trendline and Stochastic (21,5,3) is showing bullish momentum at 21% where price has previously reacted from.
Pivot: 1834.34
Why we like it:
61.8% Fibonacci retracement and ascending trendline support
1st Support: 1829.37
Why we like it:
76.4% Fibonacci extension, 78.6% Fibonacci retracement and horizontal level of support.
1st Resistance: 1848.97
Why we like it:
61.8% Fibonacci extension and horizontal graphical resistance
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1834.34 which is in line with our 61.8% Fibonacci retracement and ascending trendline support. We could potentially see price bounce from our Pivot point towards our 1st resistance level at 1848.97, which is in line with 61.8% Fibonacci extension and horizontal graphical resistance. It is worth noting that price is trending above an ascending trendline and Stochastic (21,5,3) is showing bullish momentum at 21% where price has previously reacted from.
Pivot: 1834.34
Why we like it:
61.8% Fibonacci retracement and ascending trendline support
1st Support: 1829.37
Why we like it:
76.4% Fibonacci extension, 78.6% Fibonacci retracement and horizontal level of support.
1st Resistance: 1848.97
Why we like it:
61.8% Fibonacci extension and horizontal graphical 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.