XAUUSD Potential for Bullish Countinuation | 10th August 2022

10 авг. 2022 г.

On the H4, with prices moving along the ascending trendline and above the ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 1794.00, which is in line with the overlap support to the take profit at 1819.57, which is in line with the 78.6% fibonacci retracement. Alternatively, prices may drop to stop loss at 1774.03,which is in line with the pullback support.

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