XAUUSD approaching support, potential bounce!

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XAUUSD is approaching our first support at 1310.48 (horizontal overlap support, 50% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 3125.87 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also bouncing off our major support where we might see a corresponding rise in price.
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