XAUUSD approaching our Pivot, potential for a bearish breakout
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Description Price is approaching our Pivot point at 1773.86 which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see a bearish breakout from our Pivot point towards our 1st support level at 1755.02 which is in line with -27% fibonacci retracement and 100%, 161.8% fibonacci extension. Do note that stochastics is showing bearish pressure where price has previously reversed off the 88% level.
Pivot: 1773.86 Why we like it: 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1755.02 Why we like it: -27% fibonacci retracement and 100%, 161.8% fibonacci extension
1st Resistance: 1789.99 Why we like it: 78.6% fibonacci retracement and horizontal swing high,
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.