Technical analytics

XAUUSD market technical outlook


Daily chart:

Tendency for gaining positions by buyers at the 1483.11-1486.72 zone is still in place. Consequently trading tactics for this asset might be longs from this area in direction 1500.00.


Local upward structure being in a corrective phase right now is testing a perspective pivot 1487.96-1488.44, from where it’s highly likely to see a start of new upswing in direction 1500.00.



Growth from 1487.96-1488.44 to 1500.00.

Trading recommendations:

Longs towards 1500.00.