XAUUSD, H4 is breaking above our Pivot, potential for a rise.
Description
Price is breaking above our Pivot point at 1835.80, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1850.31, which is in line with -27% fibonacci retracement.
Pivot: 1835.80
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1826.78
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1850.31
Why we like it:
-27% fibonacci retracement.
Trading FX & CFDs carries high risk.
Price is breaking above our Pivot point at 1835.80, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1850.31, which is in line with -27% fibonacci retracement.
Pivot: 1835.80
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1826.78
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1850.31
Why we like it:
-27% fibonacci retracement.
Trading FX & CFDs carries high risk.
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