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

Name: XAU/USD approaching support, potential bounce | 22 June 2020
Uploaded: 2020-06-21T23:44:21.413729
Channel: FXCM
Description: 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.

Long

Gold Spot / U.S. Dollar (FX:XAUUSD)

FX:XAUUSD Gold Spot / U.S. Dollar

Trend Analysis Harmonic Patterns Chart Patterns

trendanalysis harmonicpatterns chartpattern

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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