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XAUUSD approaching support, potential bounce!

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
easyMarkets Broker  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD XAU USD xauusdlong xauusdshort
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trendanalysis harmonicpatterns chartpattern xauusd xau usd xauusdlong xauusdshort
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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