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ICmarkets
Sep 27, 2018 2:59 AM

XAUUSD Approaching Support, Potential For A Bounce Long

GoldOANDA

Description

XAUUSD is approaching its support at 1193 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1202 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off its support at 5.04% where a corresponding bounce could occur.
Comments
FXTM
I agree with your idea!
Bahmankh
HELLLO WHATS YOUR MIND ?PRICE BROKE THE 2ND SUPPORT
tobotogolf1971
Always pay off when you are diligent with your plan. Well done, this what makes difference between Traders and FOMO's....
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