Nice idea on XAUUSD and there may be bullish bias as you have identified. For our set up, we have identified the key resistance and support levels. The support that we have identified is at 1211.93. It is a horizontal overlap support, with a 50% Fibonacci retracement. Stochastic is approaching its support where a corresponding bounce could occur. If a bounce does occur, we may want to look at the 1238.06 resistance. It is a horizontal overlap resistance with 61.8% Fibonacci extension and 38.2% Fibonacci retracement. Looking forward to seeing how things develop.
Pleaser have a look at our idea and share with us what you think.
Pleaser have a look at our idea and share with us what you think.