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M4Academy

XAUUSD is approaching support, potential bounce

Viés de alta
Prata/Dólar Americano (SAXO:XAGUSD)  
M4Academy  
SAXO:XAGUSD   Prata/Dólar Americano
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
Price is facing bullish pressure from our pivot, in line with our graphical swing low support, 100% fibonacci extension and 50% fibonacci retracement where we could see a bounce above this level to our resistance level at 25.9671. Failure to hold above our pivot level at 25.9671 could see a swing towards our first support target at 124.7970.

Pivot: 25.9671
Supporting Points:
graphical swing low support, 100% fibonacci extension and 50% fibonacci retracement

1st Support: 124.7970
Supporting Points:
61.8% fibonacci retracement, 100% fibonacci extension

1st Resistance: 25.9671
Supporting Points:
graphical overlap resistance, 50% Fibonacci retracement
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