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XCUUSD bounced from support, potential for a further rise!

Oleh Tickmill
Broker

XCUUSD bounced off 2.32788 where it could potentially rise further to 2.38794.
We remain bullish as price is bouncing nicely off our first support in line with our 78.6% fibonacci retracement where we are expecting a further push up to our first resistance level , in line with our 61.8% fibonacci retracement and horizontal swing high resistance. Stochastic is approaching support as well.
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Chart PatternsHarmonic PatternsTrend Analysisxcuusd (Copper)xcuusdlongxcuusdshort
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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