Type: Bullish ContinuationKey Levels:Resistance: 1934Pivot: 1879Support: 1855Preferred Case:With price moving above our Ichimoku cloud, we may see a rise from our pivot of 1879 in line with the horizontal swing overlap support and 23.6% Fibonacci retracement to 1st resistance of 1934 in line with the -61.8% Fibonacci expansion level. Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1855 in line with the 50% Fibonacci retracement and horizontal overlap support.Fundamentals:Russo-Ukraine tensions seemed to tighten, the precious metal is likely to continue its uptrend as investors rush to safe haven assets such as gold .
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/xauusd-h4-or-potential-for-bullish-continuation"
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