Main Quotes Calendar Forum
flag

FX.co ★ XAUUSD, H4 | Bounce off support level?

parent
Forex Analysis:::2023-08-15T06:44:41

XAUUSD, H4 | Bounce off support level?

XAUUSD, H4 | Bounce off support level?

The current chart for XAU/USD shows a bullish momentum, suggesting a potential upward trend. This momentum may drive the price towards the 1st resistance level at 1913.71. Additionally, the presence of the 1st support at 1902.93, which aligns with significant Fibonacci levels, and the 2nd support at 1896.25, adds to the likelihood of a bullish movement. Conversely, the 1st resistance level at 1913.71 is considered an important resistance point, and 2nd resistance at 1931.14 could provide additional obstacles to upward movement.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...