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XAUUSD is reversing towards our Pivot point, potential for rise!

Long
Gold Spot / U.S. Dollar (SAXO:XAUUSD)  
VantageMarkets Broker  
SAXO:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
3
0
trendanalysis harmonicpatterns chartpattern
Price is approaching our Pivot point at 1800.17 which is in line with our 38.2% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rally towards our 1st resistance level at 1804.70, which is in line with 100% Fibonacci extension, 78.6% Fibonacci retracement and Horizontal graphical level. It is worth noting that the MACD is showing bullish momentum. Trading FX & CFDs carries high risk.
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