The XAU/USD chart currently has bullish momentum, with the potential for a bullish continuation towards the 1st resistance. The 1st support at 1812.52 is significant as a swing low support. Please verify the value of the 2nd support, and on the resistance side, the 1st resistance at 1855.66 is a pullback resistance, while the 2nd resistance at 1884.64 is an overlap resistance aligned with the 50% Fibonacci Retracement level.
The material has been provided by InstaForex Company – www.instaforex.com
The XAU/USD chart currently has bullish momentum, with the potential for a bullish continuation towards the 1st resistance. The 1st support at 1812.52 is significant as a swing low support. Please verify the value of the 2nd support, and on the resistance side, the 1st resistance at 1855.66 is a pullback resistance, while the 2nd resistance at 1884.64 is an overlap resistance aligned with the 50% Fibonacci Retracement level.
The material has been provided by InstaForex Company – www.instaforex.com
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