As we saw today, price broke the resistance at 1950 and grew towards1969 which is also a resistance level and pushed the price to the downside after touching it.
If we take a look at the price structure, we can see the formation of higher highs and higher lows which indicates the bullish pressure.
If price breaks the resistance level at 1970 and closes a bullish 4H candle above this level, I expect a rise on XAUUSD around 2000 in the future.
What is your outlook on XAUUSD?
Feel free to share your ideas in the comments.
If we take a look at the price structure, we can see the formation of higher highs and higher lows which indicates the bullish pressure.
If price breaks the resistance level at 1970 and closes a bullish 4H candle above this level, I expect a rise on XAUUSD around 2000 in the future.
What is your outlook on XAUUSD?
Feel free to share your ideas in the comments.
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