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XAUUSD approaching support, potential bounce!

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
easyMarkets Broker  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD XAU USD xauusdlong xauusdshort Forex forextrading forexsignals
62
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trendanalysis harmonicpatterns chartpattern xauusd xau usd xauusdlong xauusdshort forex forextrading forexsignals
XAUUSD is approaching our first support at 1296.54 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 1314.02 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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