XAUUSD is approaching our first support at 1269.51(61.8% Fibonacci extension , horizontal swing low support, 78.6% Fibonacci retracement ) where we might be seeing a bounce to our first resistance at 1295.84(61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.