ICmarkets
Long

XAUUSD Approaching Support, Potential Bounce

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is approaching its support at 1229.87(100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 1240.00 (50% Fibonacci retracement , horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
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Comments

I agreed on your analysis, The TA was clearly understandable. Only we have a disparity on max.resistance which i have set 1250 - 1400 troy for 2019, Fib speaking all are good. I have set all those indicators base also on fundamental which is i believed it is much more stronger than technical.
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