ICmarkets
Long

XAUUSD Approaching Support, Potential Bounce

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is approaching its support at 1298.44 (61.8% & 100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at 1312.27 (50% Fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
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