XAUUSD approaching support, potential bounce!

XAUUSD is approaching our first support at 1193.85 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 50%, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1200.25 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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