29.05.202004:05 XAU/USD bounced off support, potential for further upside

Exchange Rates 29.05.2020 analysis

Trading Recommendation

Entry: 1714.301

Reason for Entry: Horizontal pullback support and 38.2% fibonacci retracement,

Take Profit: 1738.519

Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci retracement

Stop Loss: 1703.829

Reason for Stop loss: Horizontal swing low support, 61.8% fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
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