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XAUUSD Approaching Support, Potential Bounce

Oleh ICmarkets
Broker
XAUUSD is approaching its support at 1298.44 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1312.27 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Chart PatternsForexforexsignalforextradingHarmonic 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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