XAUUSD approaching our Pivot point, potential for a bounce.
Description
Price is approaching our Pivot point at 1838.13 which is in line with our 61.8% Fibonacci retracement, 100% fibonacci extension, ascending trendline support and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1892.21, which is in line with 61.8%, -61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Pivot: 18138.13
Why we like it:
61.8% Fibonacci retracement, 100% fibonacci extension, ascending trendline support and horizontal graphical overlap
1st Support: 1806.23
Why we like it:
78.6%, 61.8% fibonacci retracement, 227%fibonacci extension
1st Resistance: 1892.21
Why we like it:
61.8%, -61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Price is approaching our Pivot point at 1838.13 which is in line with our 61.8% Fibonacci retracement, 100% fibonacci extension, ascending trendline support and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1892.21, which is in line with 61.8%, -61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Pivot: 18138.13
Why we like it:
61.8% Fibonacci retracement, 100% fibonacci extension, ascending trendline support and horizontal graphical overlap
1st Support: 1806.23
Why we like it:
78.6%, 61.8% fibonacci retracement, 227%fibonacci extension
1st Resistance: 1892.21
Why we like it:
61.8%, -61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
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