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FX.co ★ XAUUSD H4 | Bouncing off support?

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Forex Analysis:::2023-09-27T05:06:49

XAUUSD H4 | Bouncing off support?

XAUUSD H4 | Bouncing off support?

The XAUUSD chart shows bullish momentum with a possible bounce from the 1st support at 1899.78 (an overlap support aligning with the 78.60% Fibonacci Retracement) towards the 1st resistance at 1915.43 (a pullback resistance). The 2nd support is at 1888.42 (a multi-swing low with a 127.20% Fibonacci Extension), while the 2nd resistance is at 1928.70 (an overlap resistance).

Analyst InstaForex
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