XAUUSD approaching support, potential bounce!

8 ก.พ. 2019

XAUUSD is approaching our first support at 1296.54 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 1314.02 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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