XAUUSD is testing our Pivot point, potential for a rise.
Description
Price is testing our Pivot point at 1855.45 which is in line with our 38.2% Fibonacci retracement, 38.2% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1896.74, which is in line with 78.6% fibonacci retracement, 78.6%, 127 fibonacci extension and horizontal graphical overlap. It is worth noting that Stochastics is also showing bullish pressure where price has reacted off the 9% level.
Pivot: 1855.45
Why we like it:
38.2% Fibonacci retracement, 38.2% fibonacci extension and horizontal graphical overlap
1st Support: 1825.34
Why we like it:
38.2%, 100% fibonacci extension and Horizontal swing low support.
1st Resistance: 1896.74
Why we like it:
78.6% fibonacci retracement, 78.6%, 127 fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1855.45 which is in line with our 38.2% Fibonacci retracement, 38.2% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 1896.74, which is in line with 78.6% fibonacci retracement, 78.6%, 127 fibonacci extension and horizontal graphical overlap. It is worth noting that Stochastics is also showing bullish pressure where price has reacted off the 9% level.
Pivot: 1855.45
Why we like it:
38.2% Fibonacci retracement, 38.2% fibonacci extension and horizontal graphical overlap
1st Support: 1825.34
Why we like it:
38.2%, 100% fibonacci extension and Horizontal swing low support.
1st Resistance: 1896.74
Why we like it:
78.6% fibonacci retracement, 78.6%, 127 fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
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