XAUUSD approaching support, potential bounce!
XAUUSD is approaching our first support at 1285.64 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding bounce in price to our first resistance at 1302.42 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89) is also seeing a bullish divergence in line with our bullish bias.
Stochastic (89) is also seeing a bullish divergence in line with our bullish bias.
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