XAUUSD technical analysis! XAUUSD bounced off the 50.0 Fibona | FBS Analytics

XAUUSD technical analysis!

XAUUSD bounced off the 50.0 Fibonacci Retracement level. The price is heading to the ascending support trendline.

If sellers push XAUUSD below the trendline, the price will move to 1865.00 and 1853.00.
However, if XAUUSD bounces off the trendline, the yellow metal may reach 1887.00.

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XAUUSD technical analysis! XAUUSD bounced off the 50.0 Fibona | FBS Analytics

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