XAUUSD approaching support, potential bounce!

12 ต.ค. 2018

XAUUSD is approaching our first support at 1211.39 (horizontal pullback support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1237.40 (horizontal overlap resistance, 38.2% Fibonacci retracement).
RSI (89) is also seeing a bullish exit and we might see a corresponding rise in price.
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