XAUUSD, H4 is bouncing from our Pivot, potential for a rise.
Description
Price is bouncing from our Pivot point at 1771.26 which is in line with 23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1801.26 which is in line with 88% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance.
Pivot: 1771.26
Why we like it:
23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1743.9
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal swing low support
1st Resistance: 1801.26
Why we like it:
88% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 1771.26 which is in line with 23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1801.26 which is in line with 88% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance.
Pivot: 1771.26
Why we like it:
23.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1743.9
Why we like it:
78.6% fibonacci retracement, 127% fibonacci extension and horizontal swing low support
1st Resistance: 1801.26
Why we like it:
88% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
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