XAUUSD, H4 | Potential bullish reversal for OANDA:XAUUSD by VantageMarkets

Price is approaching a key support level and potentially reverse, we could see the momentum carry price up to its take profit target.

Entry: 1933.540

Why we like it:

There is an overlap support that aligns with the 38.2% Fibonacci retracement

Stop Loss: 1911.435

Why we like it:

There is an overlap support that sits just above the 50.0% Fibonacci retracement

Take Profit: 1982.675

Why we like it:

There is an overlap resistance that aligns with the 61.8% Fibonacci retracement

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