XAUUSD: Corrective Rebound

XAUUSD, H4

XAUUSD is currently testing the 2365 support level, aligned with the golden Fibonacci ratio. The RSI oscillator leaves the oversold zone, and the MFI shows a bullish divergence, suggesting potential bullish momentum. The 200-MA also provides extra support for the asset.

Trade: Buy XAUUSD.
TP1: 2390;
TP2: 2415.

TRY TRADING NOW

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul