XAUUSD is reversing towards our Pivot point, potential for rise!

٢ ديسمبر ٢٠٢٠

Price is approaching our Pivot point at 1800.17 which is in line with our 38.2% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rally towards our 1st resistance level at 1804.70, which is in line with 100% Fibonacci extension, 78.6% Fibonacci retracement and Horizontal graphical level. It is worth noting that the MACD is showing bullish momentum. Trading FX & CFDs carries high risk.