XAUUSD Testing Support, Potential Bounce!
XAUUSD is testing its support at 1266 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 1294 (100% Fibonacci extension, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support at 2.8% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching support at 2.8% where a corresponding bounce could occur.
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