Weekly reviews

XAUUSD market technical outlook

XAUUSD

Weekly chart:

No chances for bears. Downswing wasn’t launched after all. Instead of this we saw a confident upward break from the bulls, that makes scenario of further growth in direction of the 1300.00-1302.80 dominating.


Conclusions:

Growth in direction 1300.00-1302.80.

Trading recommendations:

Longs towards 1300.00-1302.80.