XAUUSD approaching support, potential bounce!

XAUUSD is approaching our first support at 1263.91 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1285.85 (horizontal pullback resistance, 100% Fibonacci extension, 23.6%, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our support and a bounce above this level might see a corresponding rise in price.
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