XAUUSD Bounced Off Support, Potential For A Further Rise

XAUUSD bounced nicely off its support at 1193.9 (61.8% Fibonacci extension , 61.8% & 76.4% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 1212.6 (38.2% Fibonacci retracement , horizontal pullback resistance). Stochastic (89, 5, 3) is bounced off its support at 1.8% where a corresponding rise could occur.