XAUUSD H1 | Potential reversal from 23.6%

Title

XAUUSD H1 | Potential reversal from 23.6%

Type
Bullish Bounce

Preference:
The price is nearing our pivot point at 1959, which lines up with a 23.6% Fibonacci retracement level. If the price were to reverse from this level, it could potentially rise towards the 1st resistance level at 1985.

Alternative scenario:
On the other hand, if price breaks below the pivot point, it could drop to the 1st support level at 1936

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

Gold (XAUUSD) continues to soar to new price highs

The increase in US nonfarm employment does not strengthen the US dollar significantly, with Gold prices continuing their ascent to 2,880 USD. Discover more in

EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent technical analysis and forecast for 5 February 2025

Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 5 February 2025. EURUSD forecast On

EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent technical analysis and forecast for 4 February 2025

Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 4 February 2025. EURUSD forecast On

Searching for the right forex broker is no easy task, but have no fear! Brokerswatch.com has made it very simple. Find the right brokers based on the criteria most important to you and compare them side by side for easier selection

Brokers By Regulator

Forex Brokers List

Trading Tools

Risk Warning: FX trading is high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment goals, experience and risk tolerance levels. Loss of part or all of your initial investment is possible; therefore do not invest money that you cannot afford to lose. It is advised to educate yourself about FX trading before you trade real money. Disclaimer: All data and information on this Website are provided “as is” and to be used only for information purposes. Information is not intended for trading or trading recommendations. The operators of this website shall not be liable for any loss incurred by you as a result of reliance on the information contained in the Website.

XAUUSD H1 | Potential reversal from 23.6%

Related Posts

Gold (XAUUSD) continues to soar to new price highs

EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent technical analysis and forecast for 5 February 2025

EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent technical analysis and forecast for 4 February 2025

Recent Posts

Leading Key

About

Brokers By Regulator

Forex Brokers List

Trading Tools