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Klimex

XAUUSD Approaching Support, Potential Bounce

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
Klimex  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD XAU USD XAG GBP CAD aud NZD EUR
1
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trendanalysis harmonicpatterns chartpattern xauusd xau usd xag gbp cad aud nzd eur
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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