XAUUSD approaching support, potential bounce!

XAUUSD is approaching our first support at 1181.28 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1194.23 (horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
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