Type: Bullish BounceKey Levels: Resistance: 1929.1Pivot: 1929.1Support: 1915.6Preferred Case:Prices are abiding to a descending trendline. We see the potential for a further bearish continuation from our Pivot at 1917.6 in line graphical overlap towards our 1st resistance at 1929.1 in line with 127.2 Fibonacci Projection and 178.6% Fibonacci Projection. Our bullish bias is further supported by RSI being on bullish momentum.Alternative Scenario: If prices were to dip, they can potentially reach our 1st support at 1915.6 in line with 78.6% Fibonacci projection.Fundamentals:With inflation still being an issue in the west and stalemate circumstances in the Russo-Ukraine crisis, we might still expect bullish upside on the commodity
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gold-futures-cg-h4-potential-for-bounce23"
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