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XAUUSD approaching support, potential rise!

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Emas Semerta / Dolar A.S. (FX:XAUUSD)  
easyMarkets Broker  
FX:XAUUSD   Emas Semerta / Dolar A.S.
Trend Analysis Harmonic Patterns Chart Patterns xaudusd xauusdlong xauusdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern xaudusd xauusdlong xauusdshort forex forextrading forexsignals
XAUUSD is approaching our first support at 1328.73 (horizontal overlap support, 76.4% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1340.80 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).

Stochastic (21,5,3) is also approaching our major support and a bounce off this level might be a good precursor of a potential rise in price.

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