XAUUSD, H4 is facing bullish pressure, further upside to be seen
Price is facing bullish pressure from our Pivot point at 1763.70, in line with 38.2% Fibonacci retracement, 78.6% fibonacci extension and graphical pullback support, where we could potentially see a further upside from our pivot towards our 1st resistance level at 1815.77, which is in line with the graphical swing high resistance level. Ichimoku cloud and EMA are showing signs of bullish pressure as well.
Pivot: 1763.70
Why we like it:
38.2% Fibonacci retracement, 78.6% fibonacci extension and graphical pullback support
1st Support: 1735.11
Why we like it:
78.6% fibonacci retracement and graphical swing low support
1st Resistance: 1815.77
Why we like it:
graphical swing high resistance level
Trading FX & CFDs carries high risk
Pivot: 1763.70
Why we like it:
38.2% Fibonacci retracement, 78.6% fibonacci extension and graphical pullback support
1st Support: 1735.11
Why we like it:
78.6% fibonacci retracement and graphical swing low support
1st Resistance: 1815.77
Why we like it:
graphical swing high resistance level
Trading FX & CFDs carries high risk
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