Technical analytics

XAUUSD market technical outlook

XAUUSD

Daily chart:

Upswing wasn’t completed so far, but given yesterday’s inside bar we can assume, that bulls will keep pressure in direction of the 1473.50 level.

H1-chart:

Upward structure got slight consolidation, which most likely will be broken to the upside, that is indicated by excellent bullish pinbar at the tip of downswing and very active start of upward movement.

Conclusions:

Growth in direction 1473.50.

Trading recommendations:

Longs towards 1473.50.

 

New articles