XAUUSD approaching support, potential bounce!

XAUUSD is approaching our first support at 1286.39 (horizontal swing low support, 61.8% Fibonacci retracement). A strong bounce might occur above this level pushing price up to our major resistance at 1301.80 (horizontal swing high resistance, 61.8 % Fibonacci extension).
Stochastic is also approaching support and seeing a bullish divergence in line with our bullish bias.
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