FX.co ★ XAU/USD bullish above major support

Price is approaching major support at $1,150.11 (Fibonacci retracement, horizontal pullback support, Fibonacci projection) and we expect a bounce above this level to at least $1,162.84.Stochastic (21,5,3) is right on the key support level at 8.3%.

Buy above 1150.11. Stop loss at 1144.05. Take profit at 1162.84.