XCUUSD bounced off 2.32788 where it could potentially rise further to 2.38794.
We remain bullish as price is bouncing nicely off our first support in line with our 78.6% fibonacci retracement where we are expecting a further push up to our first resistance level , in line with our 61.8% fibonacci retracement and horizontal swing high resistance. Stochastic is approaching support as well.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results