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27.09.2023 07:06 AM
XAUUSD H4 | Bouncing off support?

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The XAUUSD chart shows bullish momentum with a possible bounce from the 1st support at 1899.78 (an overlap support aligning with the 78.60% Fibonacci Retracement) towards the 1st resistance at 1915.43 (a pullback resistance). The 2nd support is at 1888.42 (a multi-swing low with a 127.20% Fibonacci Extension), while the 2nd resistance is at 1928.70 (an overlap resistance).

Dean Leo,
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