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FX.co ★ XAU/USD bounced off support, potential for further upside

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Forex Analysis:::2020-05-29T02:05:01

XAU/USD bounced off support, potential for further upside

XAU/USD bounced off support, potential for further upside

Trading Recommendation

Entry: 1714.301

Reason for Entry: Horizontal pullback support and 38.2% fibonacci retracement,

Take Profit: 1738.519

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

Stop Loss: 1703.829

Reason for Stop loss: Horizontal swing low support, 61.8% fibonacci retracement

Analyst InstaForex
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