XAU/USD approaching support, potential bounce!

Trading Recommendation

Entry: 1611.12

Reason for Entry: Horizontal pullback support, 61.8% fibonacci retracement

Take Profit : 1667.18

Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci retracement

Stop Loss: 1587.87

Reason for Stop loss: Horizontal swing low support, 78.6% fibonacci retracement