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20.09.2023 07:38 AM
XAUUSD H4 | Bouncing off support level?
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The XAU/USD chart shows a bullish trend. The price might bounce bullishly from the 1st support at 1929.57 towards the 1st resistance at 1937.47. This support is an overlap support with historical importance. The 2nd support at 1915.38 is emphasized by the 61.80% Fibonacci Retracement. On the resistance side, the 1st resistance at 1937.47 is associated with the 127.20% Fibonacci Extension, while the 2nd resistance at 1946.58 is an overlap resistance

Dean Leo,
Analytical expert of InstaTrade
© 2007-2025

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