Gold is approaching support, potential bounce

Prices are facing bullish pressure from our first support in line with our graphical support area and 61.8% fibonacci retracement and ascending trend line where we could see a bounce above this level to our first resistance target. Ichimoku cloud and EMA are showing signs of bullish pressure as well, in line with our bullish bias.


Chart PatternsGoldgoldlongHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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