XAUUSD, H4 is reversing from our Pivot, potential for a drop.
Description
Price is reversing from our Pivot point at 1732.03 which is in line with our fibonacci confluence and horizontal graphical overlap. We could potentially see a drop from our Pivot point towards our 1st support level at 1710.72 which is in line with 38.2% fibonacci retracement. It's noteworthy that stochastic is showing bearish pressure where price has previously reversed from the 98% level.
Pivot: 1732.03
Why we like it:
78.6% Fibonacci retracement and horizontal graphical overlap
1st Support: 1710.72
Why we like it:
38.2% fibonacci retracement
1st Resistance: 1745.34
Why we like it:
-27% fibonacci retracement and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot point at 1732.03 which is in line with our fibonacci confluence and horizontal graphical overlap. We could potentially see a drop from our Pivot point towards our 1st support level at 1710.72 which is in line with 38.2% fibonacci retracement. It's noteworthy that stochastic is showing bearish pressure where price has previously reversed from the 98% level.
Pivot: 1732.03
Why we like it:
78.6% Fibonacci retracement and horizontal graphical overlap
1st Support: 1710.72
Why we like it:
38.2% fibonacci retracement
1st Resistance: 1745.34
Why we like it:
-27% fibonacci retracement and horizontal graphical overlap
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.