XAUUSD, H4 | Bounce off support in the short term?
August 17, 2023 6:23 am
The XAU/USD chart displays an upward trend. There’s a possibility of a bullish bounce from the 1st support at 1896.25, potentially driving the price to the 1st resistance at 1901.60. While the 2nd support stands at 1864.34, the 2nd resistance is at 1912.31, both adding to the chart’s structure and importance in determining future movements.
The material has been provided by InstaForex Company – www.instaforex.com
The XAU/USD chart displays an upward trend. There’s a possibility of a bullish bounce from the 1st support at 1896.25, potentially driving the price to the 1st resistance at 1901.60. While the 2nd support stands at 1864.34, the 2nd resistance is at 1912.31, both adding to the chart’s structure and importance in determining future movements.
The material has been provided by InstaForex Company – www.instaforex.com
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