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XAUUSD testing support, potential rise!

Oleh ICmarkets
Broker
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.
Chart PatternsForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSDXAUXAUUSDxauusdlongxauusdshort
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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