XAUUSD is facing bullish pressure, potential for further upside

Price is facing bullish pressure from our pivot, which is in line with our graphical overlap support, 61.8% Fibonacci extension and 50% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 1869.10, with 1st resistance at 1902.77 as a possible target. Failure to hold above pivot at 1869.10 would see price swing the other way towards 1st support at 1854.51.

Pivot: 1869.10
Supporting Points:
graphical overlap support, 61.8% Fibonacci extension and 50% Fibonacci retracement

1st Support: 1854.51
Supporting Points:
Graphical swing low support, 61.8% Fibonacci retracement and 100% Fibonacci extension

1st Resistance: 1902.77
Supporting Points:
graphical swing high resistance
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