Analityka techniczna

XAUUSD market technical outlook

XAUUSD

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.

H1-chart:

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.

Conclusions:

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).