FX.co - XAUUSD approaching support, potential bounce!

2020-07-14T14:36:13

Relevance until2020-07-15

Trading Recommendation

Entry: 1789.21

Reason for Entry: Ascending trend line, 38.2% fibonacci retracement and horizontal pullback support

Take Profit: 1832.17

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

Stop Loss: 1769.45

Reason for Take Profit: Horizontal swing low support, 78.6% 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 ★ XAUUSD approaching support, potential bounce!