FX.co - XAU/USD approaching support, potential bounce!

2020-03-12T09:29:23

Relevance until2020-03-13

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ XAU/USD approaching support, potential bounce!