#XAUUSD, H4 is trading sideways, potential for a breakout to the
Description Price is trading sideways near our Pivot of 1764.58 which is in line with 78.6%% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical swing low support, where we could see a breakout from pivot level towards 1732.64 level in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement and horizontal swing low support. If prices do not breakout, an upside target could be 1797.11 in line with horizontal swing high resistance and 38.2% Fibonacci retracement. MACD is also below 0, showing that a bearish pressure is more possible. Pivot: 1764.58 Why we like it: 78.6%% fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical swing low support
1st Support: 1732.64 Why we like it: 78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical swing low.
1st Resistance: 1797.11 Why we like it: 38.2% fibonacci retracement and horizontal swing high
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.