XAU/USD is rising towards the resistance level, which serves as a pullback resistance and could drop from this level to our take-profit target.
Entry: 3,319.22
Why we like it:
There is a pullback resistance.
Stop loss: 3,354.19
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Take profit: 3,271.39
Why we like it:
There is a swing low support that lines up with the 127.2% Fibonacci extension.
Entry: 3,319.22
Why we like it:
There is a pullback resistance.
Stop loss: 3,354.19
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Take profit: 3,271.39
Why we like it:
There is a swing low support that lines up with the 127.2% Fibonacci extension.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.