XAUUSD bouncing from 1st support, further rise expected !
Price is facing bullish pressure from our first support, in line with our 38.2% fibonacci retracement and horizontal overlap support where we could
see a further bounce above this level. Both the Ichimoku cloud and 20 period EMA are showing signs of bullish pressure .
Reason for Entry:
38.2% fib retracement
Take Profit: 1916.33
50% fib retracement
Stop Loss: 1849.64
Reason for Stop Loss:
Horizontal swing low
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