FXCM

XAU/USD approaching support, potential bounce | 22 June 2020

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Price is approaching support in line with our trend line , 38.2% retracement and 78.6% extension where we could see a bounce to our first resistance level . 20 Period EMA and Ichimoku cloud are showing signs of bullish pressure as well.
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Comments

One of your best analysis so far
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FXCM mmansoorqw
@mmansoorqw, thank you!
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which time frame are you guys using ?
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FXCM youn4real
@youn4real, we're using the H4 time frame
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Thanks for nice analysis. Good Luck to you.
Reply
FXCM nrmt2010
@nrmt2010, thank you for your kind words!
Reply
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