XAUUSD testing support, potential rise!
XAUUSD is testing our first support at 1288.77 (horizontal overlap support, 61.8% Fibonacci retracement) where it could potentially rise to our resistance at 1303.31 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching our major support where a bounce off this level could see a corresponding rise in price.
Stochastic (89,5,3) is also approaching our major support where a bounce off this level could see a corresponding rise in price.
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