XAUUSD Bounced Off Support, Prepare For A Further Rise
XAUUSD bounced nicely off its support at 1303.98 (horizontal swing low support, 61.8% fibonacci extension , 23.6% fibonacci retracement ) where it could potentially bounce to its resistance at 1317.43 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement ).
Stochastic (34, 5, 3) is bounced off its support where a corresponding rise could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (34, 5, 3) is bounced off its support where a corresponding rise could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
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