XAUUSD potential for a bounce | 29thSept for OANDA:XAUUSD by FXCM

XAUUSD potential for a bounce | 29thSept


XAUUSD potential for a bounce | 29thSept for OANDA:XAUUSD by FXCM

Price is currently trading in a wedge . Price recently reach our buy entry price of 1739.138 which is also our Fibonacci
level of 61.8%. The take profit level is at the resistance level of the wedge which has a Fibonacci extension level of 61.8%. Our bias is further supported by RSI which shows a bullish divergence .

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