Type: Bullish BounceKey Levels:Resistance: 1918Pivot: 1892Support: 1875Preferred Case:On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1918 where the pullback resistance and 23.6% Fibonacci retracement is from our pivot at 1892 in line with the horizontal swing low support and 127.2% Fibonacci extension.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1875 where the 161.8% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gold-h4-or-potential-for-a-rise"
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