XAUUSD approaching support, potential bounce!

XAUUSD is approaching our first support at 1283.58 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce to our major resistance at 1299.29 (horizontal pullback resistance, 38.2% Fibonacci retracement) might occur.
Stochastic is also approaching support where we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsHarmonic PatternsTrend AnalysisUSDXAUXAUUSDxauusdlongxauusdshort

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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