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

2020-05-29T02:05:01

Relevance until2020-05-30

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

*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 bounced off support, potential for further upside