Technical analytics

XAUUSD market technical outlook


Daily chart:

We have a moderate upward dynamics of the market during forming of a bullish swing. Buyers’ target is the closest high of the structure 1325.59.


Local structure is in a trending stage and has clear signs of upward reversal. Thus there is a high likelihood of further growth of the gold quotes above the resistance area 1315.24-1316.50.


We expect an attempt to break above the 1315.24-1316.50 zone and further advance in direction 1325.59 (extraday target).

Trading recommendations:

Longs in direction 1325.59 (extraday).

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