empty
 
 
20.09.2023 07:38 AM
XAUUSD H4 | Bouncing off support level?

This image is no longer relevant

The XAU/USD chart shows a bullish trend. The price might bounce bullishly from the 1st support at 1929.57 towards the 1st resistance at 1937.47. This support is an overlap support with historical importance. The 2nd support at 1915.38 is emphasized by the 61.80% Fibonacci Retracement. On the resistance side, the 1st resistance at 1937.47 is associated with the 127.20% Fibonacci Extension, while the 2nd resistance at 1946.58 is an overlap resistance

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dean Leo
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback