Type: Bullish BounceKey Levels:Resistance: 1811.937Pivot: 1782.659Support: 1771.62Preferred Case:Prices is on bullish momentum and abiding to our ascending trendline. We see potential for a bounce from our Pivot at 1782.659 which is an area of Fibonacci confluences towards our 1st resistance at 1811.937 in line with 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 1771.62 in line with 100% and 127.2% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/xauusd-h4-or-bullish-momentum"
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