overall trend is bullish
. As shown in the chart, XAUUSD
is respecting a major resistance at the price of 1735.100 and major support at the price of 1667.575. It appears as if XAUUSD
is bouncing from both of these major support and resistance
levels while continuing its overall uptrend. In the 1H chart, XAUUSD
has broken an hourly support turned resistance and has retested it. I believe reach the price of 1710.600 before pulling back then going up to 1723.800 then finally 1734.500. All these prices listed are major support and resistance
levels as while as TP levels. Please due your own diligence before trading. Good luck!