XAUUSD Approaching Support, Potential Bounce

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is approaching its support at 1239.7 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback support, ascending channel support) where it could potentially bounce to its resistance at 1250.8 (61.8% Fibonacci retracement ).

Stochastic (34, 5, 3) is approaching its support at 3.7% where a corresponding bounce could occur.


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