Weekly reviews

XAUUSD market technical outlook

Weekly chart:

Bulls executed a strategically important break of the structure’s high after a significant uplift of the support, that tells about prevailing probability of the downtrend upward reversal. Thus we can expect further growth of the quotes in direction of the pivot-level 1302.80.

Conclusions:

Growth in direction 1302.80.

Trading recommendations:

Longs towards 1302.80.