Gold approaching strong support where a big bounce could occur!

XAUUSD is approaching strong support at 1288 (Fibonacci retracement, horizontal swing low support) where a major bounce could occur to push prices all the way up to major resistance at 1297 (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 7.9% where a corresponding bounce could occur.

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