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16.03.2023 11:14 AM
XAUUSD, H4 | Potential Bullish Reversal
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Price has reversed from our intermediate support at 1907 which lines up with the 23.60%, if price were to reverse from here it could push up to 1st resistance aat 1937 and 2nd resistance is 1959

In terms of support level, our 1st support level is 1890 which lines up with the 38.2% Fibonacci retracement which is an overlap support. However, if price were to break below our 1st support, it could drop further down to 2nd support level at 1861 along with the 61.8% Fibonacci retracement

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Dean Leo,
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© 2007-2025

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