#XAUUSD, H4 is above our Pivot, potential for a rise.
Description
Price is above our Pivot point at 1794.36 which is in line with 88.6%, 127% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1826.87, which is in line with 50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. It's worth noting that the price is above the ichimoku cloud and MACD is above the 0-line in line with our bullish analysis.
Pivot: 1794.36
Why we like it:
88.6%, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1772.48
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low
1st Resistance: 1826.87
Why we like it:
50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price is above our Pivot point at 1794.36 which is in line with 88.6%, 127% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1826.87, which is in line with 50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. It's worth noting that the price is above the ichimoku cloud and MACD is above the 0-line in line with our bullish analysis.
Pivot: 1794.36
Why we like it:
88.6%, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1772.48
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low
1st Resistance: 1826.87
Why we like it:
50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
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