XAUUSD Approaching Support, Potential Bounce!
XAUUSD is approaching its support at 1194 (61.8% Fibonacci extension, 61.8%, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1200 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 4.5% where a corresponding bounce could occur.
Stochastic (89, 5, 3) is approaching its support at 4.5% where a corresponding bounce could occur.
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