XAUUSD H4 | Reacting off 50% Fibo? |

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XAUUSD H4 | Reacting off 50% Fibo?

Past performance is not indicative of future results.

Price has just reacted off our pivot point of 1915.48, which serves as an overlap resistance level that aligns with a 50% Fibo retracement.  A reversal from this point could lead the price to drop to the 1st support at 1903.843, a support level.

Alternative scenario:
However, if the price breaks above the pivot, it might rise to the 1st resistance at 1924.324, which serves as an overlap resistance level

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منبع: https://www.tickmill.com/blog/xauusd-h4-reacting-off-50-fibo-15th-september-2023

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

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