FX.co ★ Gold on major support, prepare for a bounce

The price is testing major support at 1326 (Fibonacci retracement, horizontal overlap support, bullish harmonic formation) and a strong bounce could occur at this level to push the price up to at least 1332 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,5,3) is seeing major support above 7.9% where a corresponding bounce could occur.

Buy above 1326. Stop loss at 1321. Take profit at 1332.