Bullish bounce?

3 ngày trước

XAU/USD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection and could bounce from this level to our take profit.

Entry: 2,714.83
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection.

Stop loss: 2,685.84
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.

Take profit: 2,759.77
Why we like it:
There is a pullback resistance level.

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